Birdwatch Note Rating
2023-03-12 20:35:08 UTC - HELPFUL
Rated by Participant: E1194CB298B63A671B19CB93827D95CBEEF63ACE12FB6FF0D9F5F2F38EC5FD1D
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