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Ben Shapiro

@benshapiro ↗

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Last Checked March 20, 2023

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Mon Mar 13 17:26:31 +0000 2023

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Ben Shapiro @benshapiro

The Federal Reserve and government blew out spending in 2020 and 2021 to an unprecedented degree. This meant a LOT of speculative investment in tech ventures, who then stored their cash with SVB. — PolitiTweet.org

Posted March 13, 2023

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Ben Shapiro @benshapiro

SVB's meltdown is indicative of the larger problem of central bank policy now acting as the prime mover for markets. — PolitiTweet.org

Posted March 13, 2023

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Ben Shapiro @benshapiro

SVB had no idea what to do with the cash, so they invested in bonds -- trusting the government, of course, and knowing that if things went belly-up, there was a good shot at a bailout. Perverse incentives never fail! — PolitiTweet.org

Posted March 13, 2023