Matthew Yglesias

@mattyglesias ↗

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Last Checked March 14, 2023

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Sun Mar 12 13:58:58 +0000 2023

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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

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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

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Matthew Yglesias @mattyglesias

@aduehren I think the relevant ambiguity here is Yellen is promising uninsured depositors will have access to their money, but what Sacks wants is 0% haircuts not access to 85% of his funds with the other 15% gone. — PolitiTweet.org

Posted March 12, 2023