Matthew Yglesias

@mattyglesias ↗

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Last Checked March 15, 2023

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Sun Mar 12 22:27:29 +0000 2023

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Matthew Yglesias @mattyglesias

It would be pretty ironic if the entire large regional bank category ends up wiped out due to its own greedy refusal to accept regulation — 10,000 spoons when all you need is a knife. Hopefully we can avoid! But it’s hard, that’s why they shouldn’t have brought us here. — 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

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Matthew Yglesias @mattyglesias

Just in time a joint Fed/Treasury/FDIC statement promising no haircut and also no use of taxpayer funds. How does that work? Read someone else … I don’t know the answer https://t.co/35b3bfHme9 — PolitiTweet.org

Posted March 12, 2023