Pat Toomey (US Sen. ret.)

@SenToomey ↗

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Last Checked April 3, 2023

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Mon Mar 13 19:29:53 +0000 2023

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Pat Toomey (US Sen. ret.) @SenToomey

Second, the Fed's zero interest rate policies—negative real interest rates—forced banks to move out of the risk curve in search of yield. So they invested in longer duration bonds. — PolitiTweet.org

Posted March 13, 2023

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Pat Toomey (US Sen. ret.) @SenToomey

First, the Fed's extraordinary easy money policies (combined with wildly excessive fiscal policy) contributed much to the surge in deposits at banks like SVB. — PolitiTweet.org

Posted March 13, 2023

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Pat Toomey (US Sen. ret.) @SenToomey

Third, when the Fed finally realized how far behind it was in fighting inflation, it had to play catch up by raising rates at a record pace. That devastated the banks' bond portfolios that the Fed had indirectly created. — PolitiTweet.org

Posted March 13, 2023