Matthew Yglesias

@mattyglesias ↗

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Last Checked March 14, 2023

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Sun Mar 12 12:54:35 +0000 2023

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Matthew Yglesias @mattyglesias

Worth noting that @sama, @vkhosla, and others are acting responsibly, trying to help people in constructive ways, and contributing to a calmer situation — that is good. Be like them. https://t.co/Lp6x1uV62a — 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

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Matthew Yglesias @mattyglesias

For better or worse depositors getting skittish leading to higher interest rates on demand deposits and less bank lending would, I think, be *desired* outcomes of the Fed’s current policy trajectory. That’s how you get from rate hikes to less inflation. https://t.co/EsgfwulIqq — PolitiTweet.org

Posted March 12, 2023