Matthew Yglesias

@mattyglesias ↗

Deleted No

Hibernated No

Last Checked March 15, 2023

Created

Sun Mar 12 22:47:55 +0000 2023

Likes

142

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

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

Preceded By

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

Followed By

Matthew Yglesias @mattyglesias

This will attract less attention than the guarantee to SVB depositors but arguably a bigger deal for those of us who don't have an account there. — PolitiTweet.org

Notable that the new Bank Term Funding Facility allows banks to pledge collateral at par. Meaning holdings of long-… https://t.co/WnSF3cUqYq

Posted March 12, 2023