Birdwatch Note Rating
2023-03-13 21:45:18 UTC - HELPFUL
Rated by Participant: E798F0E772DF58EAC14A31E4C3400265CE6FA6EF3C9A979E37771EF92F6EE56A
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