Matthew Yglesias

@mattyglesias ↗

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Last Checked March 14, 2023

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Sun Mar 12 15:44:54 +0000 2023

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Matthew Yglesias @mattyglesias

We are also in a different situation macroeconomically. The Fed is trying to reduce spending to slow inflation not increase it to prop up demand, so “err on the side of doing more” logic that applied in 2007-2008 doesn’t apply today. — 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

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Matthew Yglesias @mattyglesias

DeSantis is desperate to talk about anything other than his record on federal policy issues, he voted for the laxer rules on SVB that have left depositors facing possible losses. And he also voted for much more extreme bank bills that thankfully didn’t pass. — PolitiTweet.org

.@GovRonDeSantis blames @SVB_Financial collapse on DEI, has no 'specific information' about whether the crisis will… https://t.co/JhoyMSBeUH

Posted March 12, 2023