Birdwatch Note Rating
2023-03-14 05:08:49 UTC - HELPFUL
Rated by Participant: C9416E74D2B9A955FF7F4E87154D926B65DDC9E298EBCE903FC2A13A9C312BF6
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