Birdwatch Note Rating
2023-03-13 14:55:15 UTC - HELPFUL
Rated by Participant: BD5EF9C900C3E521FF7C18F86F9B023DA6958B3F2931E48499C0308F9028858B
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