Matthew Yglesias

@mattyglesias ↗

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Last Checked March 13, 2023

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Sat Mar 11 12:19:57 +0000 2023

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Matthew Yglesias @mattyglesias

One key point he made was that a lot of Trump-era deregulatory moves in the banking sector made this kind of thing more likely — everyone loves nimbleness and cutting red tape until they get bitten. https://t.co/9laaIH778l https://t.co/RVfTKQtWR0 — PolitiTweet.org

Sorry, this chart proves you need to lose your money. https://t.co/LaIQCYXFtT

Posted March 11, 2023

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Matthew Yglesias @mattyglesias

Martin Gruenberg who is now Chair of the FDIC gave a speech in 2019 (when he was a mere board member) about the logistical and policy considerations involved in a hypothetical failure of a large regional bank. https://t.co/vtXhLNuDaH — PolitiTweet.org

Posted March 11, 2023

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Matthew Yglesias @mattyglesias

tl;dr though is that the FDIC’s first choice by far is the sell the hypothetical large regional bank to one of the country’s largest banks — SVB appears to have a good franchise people would want and you can buy it “for free” if you guarantee the deposits https://t.co/QE3j2MZ9dE — PolitiTweet.org

Posted March 11, 2023