Birdwatch Note Rating
2023-03-13 12:05:09 UTC - HELPFUL
Rated by Participant: DC06137BD4C02F4A75191D69DDDAA6C0E100CB70D4B0AAC046C235B59EE1B1E4
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