Matthew Yglesias

@mattyglesias ↗

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Last Checked March 14, 2023

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Sun Mar 12 19:39:34 +0000 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

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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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

I’m not saying that this is a good outcome — I wrote at the time that it was bad — but it’s just wildly misconstruing things to see the regional banks as victims of the big bad regulators. As for their uninsured customers I have somewhat mixed feelings. — PolitiTweet.org

Posted March 12, 2023