Birdwatch Note Rating
2023-03-12 17:49:30 UTC - HELPFUL
Rated by Participant: E6EB15D30085B725EC398F64F387A308BCA31E7F6BD080F7A8003CD7325DCEF4
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