Matthew Yglesias

@mattyglesias ↗

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Last Checked March 12, 2023

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Sun Mar 12 10:49:42 +0000 2023

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Matthew Yglesias @mattyglesias

Suppose you were a very rich person who had a ton of money in an account at SVB and you lost a share of that money — you’d be mad! I’d be mad too! But that’s not an economy-imploding scenario in which nobody can access their deposits or pay their employees. — PolitiTweet.org

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

There’s this false dichotomy between evil “bailouts” of SVB’s creditors and doommongering about inability to access deposits and make payroll. What if the FDIC just does normal resolution, sells assets, everyone can access accounts tomorrow, but depositors lose some money? — PolitiTweet.org

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

@kimmaicutler @ClaraJeffery What the FDIC said on Friday was depositors will have access on Monday. All the VC twitter rumor-mongering, deliberate spreading of panic, and demands for the regulators to do illegal stuff are not helping to boost sale prices or speed anything. — PolitiTweet.org

Posted March 12, 2023