Paul Krugman

@paulkrugman ↗

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Last Checked April 3, 2023

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Sun Mar 12 13:44:49 +0000 2023

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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

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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

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Paul Krugman @paulkrugman

I think that the risk from it turning out to be systemic after all just trumped the argument that it probably wasn’t. — PolitiTweet.org

Is it fair to say that Yellen and Powell clearly disagreed with this? What exactly were they seeing over the weeken… https://t.co/6D86IiHuiy

Posted March 13, 2023