Matthew Yglesias

@mattyglesias ↗

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Last Checked March 15, 2023

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Sun Mar 12 22:30:18 +0000 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

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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

I see the claim is that no taxpayer funds will be used because "any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law." That's pretty semantic, but they probably won't have to spend it... — PolitiTweet.org

Posted March 12, 2023