Birdwatch Note Rating
2023-03-12 20:31:28 UTC - NOT_HELPFUL
Rated by Participant: EC2B9CDC9C464FC4975C5AD78C464CF1434A5BF5A7D8E3A8B6B4EF704C178ADC
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