John Delaney 🇺🇸

@JohnDelaney ↗

Deleted No

Hibernated No

Last Checked Aug. 11, 2021

Created

Thu Apr 22 11:52:45 +0000 2021

Likes

Retweets

Source

Twitter for iPhone

View Raw Data

JSON Data

View on Twitter

Likely Available

John Delaney 🇺🇸 @JohnDelaney

When assets perceived to be risky go down in value it has less impact because people always thought they were risky and therefore they are not highly levered This is why the financial crisis was so bad because mortgages - which were perceived to be safe - went down in value — PolitiTweet.org

Posted April 22, 2021

Preceded By

John Delaney 🇺🇸 @JohnDelaney

Why is fighting climate change important to the stability of financial markets? Financial markets are impacted the most when assets previously perceived to be safe go down in value. The reason for this is because assets perceived to be safe are often highly levered. (Thread) — PolitiTweet.org

Posted April 22, 2021

Followed By

John Delaney 🇺🇸 @JohnDelaney

Mortgages were highly levered in our financial system and when their value collapsed institutions failed The same could happen with climate. Many assets linked to weather patterns such as insurance contracts, coastal real estate etc could drop in value fast. — PolitiTweet.org

Posted April 22, 2021