John Delaney 🇺🇸

@JohnDelaney ↗

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Last Checked April 3, 2023

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Sun Mar 12 04:19:31 +0000 2023

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John Delaney 🇺🇸 @JohnDelaney

Remember, for a mere 8 basis points year, every single deposit at Silicon Valley Bank could have been fully insured. That's $800 per year per $1,000,000. This insurance was available to every depositor. — PolitiTweet.org

What brought down Silicon Valley Bank "wasn’t lending to risky start-ups, or gambling on sketchy crypto coins,"… https://t.co/EgjoHPrWGG

Posted March 12, 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

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John Delaney 🇺🇸 @JohnDelaney

Not sure why everyone is missing the simple fact that for a mere 8bps per annum all deposits above 250k can be fully guaranteed at every bank in the U.S. no matter what size of the bank. Why is that such a difficult concept for people to grasp? — PolitiTweet.org

Community banks simply won’t be able to compete if the Fed says you can lose your deposits there but not at a Big 4… https://t.co/FtTyKPj34d

Posted March 12, 2023 Just a Typo