Birdwatch Note Rating
2023-03-12 15:51:14 UTC - HELPFUL
Rated by Participant: D4CD0B3E0974176E01DADBF06E052D97125FF4976E30B61492D56FAB4F470F1C
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