John Delaney 🇺🇸

@JohnDelaney ↗

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Last Checked April 3, 2023

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Sat Mar 11 02:50:06 +0000 2023

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John Delaney 🇺🇸 @JohnDelaney

Depositors had easy deposit insurance for funds above $250k from many firms including @IntraFi. It costs 5-8bps per year! Put another way, depositors had basically free insurance available above 250k - it's shocking that SVB's relatively sophisticated clients never asked for it — PolitiTweet.org

The solution is for FDIC to offer a category of insurance where (1) deposits are fully protected but (2) banks are… https://t.co/2Q4wqa0P1h

Posted March 11, 2023

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John Delaney 🇺🇸 @JohnDelaney

The clear flaw in your argument is that Silicon Valley Bank's failure had NOTHING to do with its loan portfolio. It's failure was entirely related to its portfolio of Treasury and Mortgage securities, which declined rapidly in value, and triggered a run on the bank. — PolitiTweet.org

A key cause of the 2008 financial crisis was the use of social factors to make loans (back then, fostering home own… https://t.co/X39bIUH8T9

Posted March 11, 2023

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John Delaney 🇺🇸 @JohnDelaney

A reminder that depositors can have more than 250k at a bank & have it all insured/safe - they simply have to ask for cheap & readily available deposit insurance for amounts above 250k or instruct their banker to regularly sweep all deposits above 250k into a Treasury mutual fund — PolitiTweet.org

Posted March 11, 2023