Matthew Yglesias

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

Matthew Yglesias @mattyglesias

@jasoncrawford @moskov @AlecStapp I have an open line of credit with Chase that I’m currently not using. But I could, right now, go online and use it to get a loan. That would put more money instantly in my bank account and Jamie Dimon doesn’t need to scrounge it up from someone else’s account. It just appears. — PolitiTweet.org