Birdwatch Note Rating
2023-03-12 16:06:21 UTC - SOMEWHAT_HELPFUL
Rated by Participant: F2FCBC020E6D9E1BAF628E116B15B306E211414BC3F2695C1B50EF901667F80D
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