Matthew Yglesias

@mattyglesias ↗

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Last Checked March 14, 2023

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Sun Mar 12 13:26:15 +0000 2023

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Matthew Yglesias @mattyglesias

It would be convenient for everyone if there turns out to be an eager mega-bank buyer for SVB. But if there’s not the whole premise of the legal framework congress wrote is that “auction the assets, pay depositors back whatever you can raise” will work fine. Will it? Maybe! — PolitiTweet.org

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

Is that actually true? I see reason for skepticism. But it’s also challenging to go ask for an exemption to the rules on the basis of systemic significance when you lobbied nonstop for a decade on the theory that you’re not. You maybe convinced some people. — PolitiTweet.org

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

Expanding deposit insurance is a totally reasonable idea (large regional banks like SVB have historically been opposed because it would mean higher fees) but *retroactively* insuring uninsured deposits is definitely a bailout. — PolitiTweet.org

I’m not asking for a bailout. I’m asking for banking regulators to ensure the integrity of the system. Either depos… https://t.co/PzFDsrHYRr

Posted March 12, 2023