Judd Legum

@JuddLegum ↗

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Last Checked March 28, 2023

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Sat Mar 11 14:20:21 +0000 2023

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Judd Legum @JuddLegum

@kimmaicutler The reason why SVB wasn’t regulated more stringently is they successfully lobbied the Trump administration to raise the regulatory threshold from 50B to 250B — PolitiTweet.org

Posted March 11, 2023

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Judd Legum @JuddLegum

@kimmaicutler The depositors are VC-backed companies. Is it fair for the federal government to bail them out while kids are in poverty because of government inaction? — PolitiTweet.org

Posted March 11, 2023

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Judd Legum @JuddLegum

@kimmaicutler You seem to be avoiding answering my question. And the reason why SVB collapsed so quickly is that it did not have a typical mix of customers. It was concentrated in one industry, and those customers acted in concert to pull their cash — PolitiTweet.org

Posted March 11, 2023