Matthew Yglesias

@mattyglesias ↗

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Last Checked March 14, 2023

Created

Sun Mar 12 20:30:43 +0000 2023

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Matthew Yglesias @mattyglesias

Again, SBV and its allies fought at great length and great expensive in multiple venues to *not* have the same regulatory status as the largest banks. It took tremendous effort on their part to achieve this outcome, it wasn’t done to them by their enemies. — PolitiTweet.org

Posted March 12, 2023

Preceded By

Matthew Yglesias @mattyglesias

We love our discount window hijinks too! This would not formally guarantee uninsured deposits at non-SBV banks but should mean that in practice everyone can get their money if they want it, which one would hope means they don’t actually demand it. https://t.co/GGyOzQVOjU — PolitiTweet.org

Posted March 12, 2023

Followed By

Matthew Yglesias @mattyglesias

Silicon Valley Bank wanted to be treated as if normal FDIC resolution would not threaten the economy. That made the bank’s deposits more lucrative which laid the groundwork for the various services it offered that the tech industry valued more than it valued soundness. — PolitiTweet.org

Posted March 12, 2023