Matthew Yglesias

@mattyglesias ↗

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Last Checked March 15, 2023

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Mon Mar 13 00:08:34 +0000 2023

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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

Posted March 13, 2023

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Matthew Yglesias @mattyglesias

If you combine the 30th through 50th largest banks in the country you get an entity with $1.4 trillion 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

Posted March 12, 2023

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Matthew Yglesias @mattyglesias

If this deposit guarantee and especially the ability to post long-dated bonds as collateral at par had existed a week ago, SVB never would have gone under and their managers & shareholders would have been bailed out. Instead, First Republic etc reaps the benefits. — PolitiTweet.org

Posted March 13, 2023