Birdwatch Note Rating
2023-03-12 17:25:57 UTC - NOT_HELPFUL
Rated by Participant: FD9900E6BCB0F20A20EBAA3FDE73153B90B9350C91945CE8BF3393688AB625EC
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