Birdwatch Note Rating
2023-03-12 16:17:40 UTC - HELPFUL
Rated by Participant: CDD0CE13FF95D1D1CE9EFD8C6E25A8F78FBDB8F963C59B34E8D0F1F06AF60EF2
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