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Spencer Cox

@SpencerJCox ↗

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Last Checked March 23, 2023

Created

Sun Mar 12 14:44:07 +0000 2023

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881

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130

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Spencer Cox @SpencerJCox

Feels like many misunderstand the difference between bond holders/stockholders/executives and depositors. No one is arguing to bail out the bank. Equity holders should lose everything. But depositors (who did nothing speculative) can’t access their $ to make payroll this week. 1/ — PolitiTweet.org

Armand Domalewski @ArmandDoma

people are getting very confused about this whole Silicon Valley Bank / FDIC issue, so here's a thread: -Majority… https://t.co/fDF0rfim9w

Posted March 12, 2023

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Spencer Cox @SpencerJCox

@RobertGehrke @gavin_kickstart @nlsanders @teddyferrin @dave_christison @bryce @katkennedyVC @davis_inc205 @waderyan_ @NolanChurch @morgantdav @w_benson Thanks man, I’ve just seen so many reflexive insane tweets on this. Lot’s of people thinking this is something it isn’t. I appreciate your willingness to engage. — PolitiTweet.org

Posted March 12, 2023

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Spencer Cox @SpencerJCox

Putting your money in a checking/savings account in one of the largest banks in America with a 40-year history is not tech companies playing fast and loose. Furthermore, there are tremendous assets held by the bank—maybe enough to cover 100% of depositors—it will just take time. — PolitiTweet.org

Posted March 12, 2023