Matthew Yglesias

@mattyglesias ↗

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Last Checked March 14, 2023

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Sun Mar 12 20:34:29 +0000 2023

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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

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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

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Matthew Yglesias @mattyglesias

This is neither here nor there as a forward-looking question. But a good way for VCs and startup executives to get what they want would be to show a little less bad attitude and a little more spirit of “I am sorry that my errors in business judgment contributed to this.” — PolitiTweet.org

Posted March 12, 2023