Matthew Yglesias

@mattyglesias ↗

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Last Checked March 15, 2023

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Sun Mar 12 22:21:30 +0000 2023

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Matthew Yglesias @mattyglesias

Hopefully someone from the short list of potential buyers will step up. But if they don’t we’re in a pickle where legally at least the thing that’s supposed to happen is large depositors lose some of their money. — 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

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Matthew Yglesias @mattyglesias

That’s not an outcome I celebrate or welcome because (a) it is sad for people to lose their bank deposits and (b) there could be contagion and runs. But I do think it’s important to be clear about the policy choices that brought us here and to have less special pleading. — PolitiTweet.org

Posted March 12, 2023