Birdwatch Note Rating
2023-03-12 22:54:04 UTC - HELPFUL
Rated by Participant: EB969141A20FE5B4819020D401A819786466507987B38D95F2C43F6A869612BB
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
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