Ben Shapiro

@benshapiro ↗

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Last Checked March 20, 2023

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Mon Mar 13 17:26:46 +0000 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

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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

The moral hazard will continue because the urgent always outweighs the necessary until the time comes when the government is removed as the central economic policy maker. Get my full thoughts on today’s episode of The Ben Shapiro Show here: https://t.co/YheEJblYTd https://t.co/ryJfDAikuv — PolitiTweet.org

Posted March 13, 2023