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Matthew Yglesias

@mattyglesias ↗

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Last Checked March 14, 2023

Created

Sun Mar 12 18:57:35 +0000 2023

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199

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11

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Matthew Yglesias @mattyglesias

It’s unfortunate that you can’t hold an auction for $200+ billion worth of banking assets at the speed of the most impatient people on Twitter but would really suggest everyone try to remain somewhat calm. — PolitiTweet.org

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

Important questions about second-order effects but people spooked by Friday night tweets about companies being unable to make payroll tomorrow should know that’s not going to happen — a large share of uninsured deposits will be available we just don’t know exactly how large. https://t.co/9tO2kGne7s — PolitiTweet.org

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

Again, this is the outcome the large regional banks lobbied for. They fought for it in congress. They fought in the trenches of the FDIC and the Fed. They got the backing of the Trump administration. They fought like hell and they won. — PolitiTweet.org

David Sacks @DavidSacks

The Fed may or may not realize it but it has created a two-tier banking system: 1. Tier 1: Systemically Important… https://t.co/RFTF9kjeUS

Posted March 12, 2023

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