Matthew Yglesias

@mattyglesias ↗

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Last Checked March 14, 2023

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Sun Mar 12 15:40:22 +0000 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

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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

In other words “if you don’t guarantee 100 percent recovery of all uninsured deposits at SVB then every depositor will flee every other bank for a GSIB where there money will be safe” is certainly a *convenient* argument for SVB depositors but it involves multiple leaps of logic. — PolitiTweet.org

Posted March 12, 2023