Matthew Yglesias

@mattyglesias ↗

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Last Checked March 14, 2023

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Sun Mar 12 12:39:26 +0000 2023

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Matthew Yglesias @mattyglesias

@MattBruenig This was I think a New America Foundation proposal from the mid-aughts that didn’t go anywhere because it doesn’t make sense — PolitiTweet.org

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

Shouldn’t there have been some Prompt Corrective Action order much earlier in this process? That interests rates were rising was not exactly a secret. — PolitiTweet.org

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

@kimmaicutler No, the FDIC has been selling assets all weekend to recover funds for uninsured depositors. This is the process laid out in law and policy and the FDIC statements. They unfortunately cannot promise exactly how much will be raised at auction but it’s much more than $250k. — PolitiTweet.org

At least some of the uninsured deposits will be unfrozen first thing Monday as SVB’s assets are sold off over the w… https://t.co/wrSriYYJtL

Posted March 12, 2023