Birdwatch Note Rating
2023-03-12 22:07:48 UTC - HELPFUL
Rated by Participant: 21CDEA1248EBD17C8A8D725DA42671DA5CA849E84E5F49394A6B23A89529FA0A
Participant Details
Original Note:
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