Birdwatch Note Rating
2023-03-14 02:54:03 UTC - HELPFUL
Rated by Participant: ED961405D123BB7DC0456C46642306477317507188BAE9ABAB86E55923D44FAF
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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