Matthew Yglesias

@mattyglesias ↗

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Last Checked March 15, 2023

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Sun Mar 12 22:18:26 +0000 2023

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Matthew Yglesias @mattyglesias

The issue with SVB is that the VC and startup communities and their social peers all clustered into this one bank to the point where it became awkwardly sized and the list of feasible buyers is very short. It’s not bias or politics that makes it hard. It’s just size. — PolitiTweet.org

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

The reason this works is that most banks are small so the set of possible buyers is large and someone usually turns out to be ambitious enough to go for it. When rural banks fail that’s what happens there’s no big controversy. — PolitiTweet.org

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

“Well if SVB is too big to easily sell shouldn’t it have been held to a much tougher regulatory standard?” Yes! But they lobbied, extensively and aggressively and successfully, to be treated like a small bank rather than a big one. — PolitiTweet.org

Posted March 12, 2023