Matthew Yglesias

@mattyglesias ↗

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Last Checked March 14, 2023

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Sun Mar 12 15:38:34 +0000 2023

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Matthew Yglesias @mattyglesias

If the concern is about deposits at other banks, you need to insure *those* deposits and then expand the regulatory umbrella and insurance fees in a concurrent way. — PolitiTweet.org

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

I guess I’ll just keep saying this but rescuing SVB’s uninsured depositors is neither necessary nor sufficient to expand deposit insurance on a forward-looking basis. — PolitiTweet.org

The #SVB depositors did nothing wrong except choose the wrong bank, which is what every depositor of a failed bank… https://t.co/Y89tZCSbDI

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

Should also say: While GSIBs are held to higher regulatory standards that should reduce the odds of a haircut in the event that Orderly Liquidation Authority is invoked, there is no statutory or regulatory guarantee against uninsured depositors taking haircuts that I know of. — PolitiTweet.org

Posted March 12, 2023