Matthew Yglesias

Matthew Yglesias @mattyglesias

If you combine the 30th through 50th largest banks in the country you get an entity with $1.4 billion in assets that credibly competes with the Big Four. Apply the same principle and you could have a dozen or more giant banks and robust competition. — PolitiTweet.org

Matthew Yglesias @mattyglesias

The inscrutable metaphysics of bailouts are that while the shareholders & managers of SVB get wiped out and the SVB depositors get made whole, there's an enormous shadow benefit to the shareholders and managers of *other* banks. — PolitiTweet.org