Matthew Yglesias

@mattyglesias ↗

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Last Checked March 14, 2023

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Sun Mar 12 13:17:24 +0000 2023

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Matthew Yglesias @mattyglesias

@EpsilonTheory I agree that banking with a regional bank is dumb (I don’t do it) but I’m curious why you’ve only realized it this week. The relevant policy changes happened over a decade ago, and I assumed regional bank loyalists had some reason. — PolitiTweet.org

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

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Matthew Yglesias @mattyglesias

America’s large regional banks fought and won a ferocious years-long battle across congress and several different regulatory agencies to secure exemption from Dodd-Frank rules on risk and safety specifically by arguing there was no systemic risk to normal FDIC resolution. — PolitiTweet.org

Posted March 12, 2023