Matthew Yglesias

@mattyglesias ↗

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Last Checked March 17, 2023

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Tue Mar 14 15:54:07 +0000 2023

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Matthew Yglesias @mattyglesias

SVB was actually profitable as a going concern and if the depositors *hadn’t* monitored the risks there’s a good chance everything would have worked out fine. But the system of uninsured deposits leading big depositors to pay attention to the balance sheet worked. Or “worked.” — PolitiTweet.org

Posted March 14, 2023

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Matthew Yglesias @mattyglesias

I don’t think crazy to expect at all. At SVB for example some depositors noted the mark-to-market losses on bonds made the bank riskier and responded by pulling their money out. The problem is that collapsed the bank which in turn threatened to collapse other banks. — PolitiTweet.org

People keep saying that it is crazy to expect depositors to monitor bank risk. But we’re not talking about 99% of… https://t.co/A736zDW8PG

Posted March 14, 2023

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Matthew Yglesias @mattyglesias

@RoryBBellows_ My family maintains accounts with two separate GSIBs and stays below the deposit insurance limits. — PolitiTweet.org

Posted March 14, 2023