Matthew Yglesias

@mattyglesias ↗

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Last Checked March 14, 2023

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Sun Mar 12 13:56:22 +0000 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

Preceded By

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

Followed By

Matthew Yglesias @mattyglesias

I can’t read anyone’s mind. But try to be honest about how you would have reacted if two years ago congress expanded deposit insurance, raised fees, tightened regulations and in response SVB degraded its client services and blamed big government overreach. — PolitiTweet.org

Posted March 12, 2023