Matthew Yglesias

@mattyglesias ↗

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Last Checked March 14, 2023

Created

Sun Mar 12 14:53:02 +0000 2023

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314

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Matthew Yglesias @mattyglesias

It seems telling that the “we need to avoid any depositor haircuts to avoid a national bank panic” argument emerged only after a full day of arguing for zero haircut on a different, illegal and factually inaccurate basis. — PolitiTweet.org

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

@MattZeitlin Relatedly, nothing is stopping large regional banks from voluntarily maintaining more capital and liquidity to reassure depositors — that would be the mechanism by which GSIB depositors avoid haircuts. — PolitiTweet.org

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

I’d be curious what the CEOs of PNC, Truist, Fifth Third, State Street, etc actually think about this but they’re not on Twitter mouthing off. 😂 — PolitiTweet.org

Posted March 12, 2023