Matthew Yglesias

@mattyglesias ↗

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Last Checked March 15, 2023

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Sun Mar 12 22:53:01 +0000 2023

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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

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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

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Matthew Yglesias @mattyglesias

@MattZeitlin Back in the 20th century this country had a robust consent-manufacturing industry. https://t.co/0GNj620wFS — PolitiTweet.org

Posted March 12, 2023