John Delaney 🇺🇸

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

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