Birdwatch Note Rating
2023-03-13 15:12:07 UTC - HELPFUL
Rated by Participant: B2827C09380BA44293BB8E1A9A492BDC7458C56B044A8AD6CC40F8FA7A51ACBD
Participant Details
Original Note:
This is authors opinion so no note required. SVB CEO Greg Becker had pressed lawmakers in Congress to lessen regulation that placed higher scrutiny on certain banks. By 2018, his bank had spent roughly $500,000 to lobby for the changes that Trump ultimately signed into law https://www.newsweek.com/trump-era-roll-back-bank-regulations-resurfaces-amid-svb-collapse-1787112
All Note Details