Birdwatch Note Rating
2023-03-12 21:09:35 UTC - SOMEWHAT_HELPFUL
Rated by Participant: C638FAEB91AB61CCCA35CFA5BBEAF8CA7EAF9698AD5B15E806033788153CF24D
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