Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated No

Last Checked April 3, 2023

Created

Sun Mar 12 13:40:37 +0000 2023

Likes

447

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

Paul Krugman @paulkrugman

The good news is that the FDIC has seized the bank, so the stockholders have been cleaned out. Unfortunately, there seems likely to be enough systemic spillover that the Feds will probably have to backstop some although maybe not all the uninsured deposits 7/ — PolitiTweet.org

Posted March 12, 2023

Preceded By

Paul Krugman @paulkrugman

And of course SVB lobbied successfully for a weakening of regulations that might have prevented the blowup — as Lael Brainard warned in real time 6/ https://t.co/SWGbYcPI12 — PolitiTweet.org

Posted March 12, 2023

Followed By

Paul Krugman @paulkrugman

But it is infuriating. At a fundamental level, we're arguably talking about a kind of scam: a bank that sold itself on false pretenses. It's really part of the larger story of delusion marketing that includes crypto 8/ — PolitiTweet.org

Posted March 12, 2023