Spencer Cox

@SpencerJCox ↗

Deleted No

Hibernated No

Last Checked March 23, 2023

Created

Sun Mar 12 14:44:08 +0000 2023

Likes

153

Retweets

Source

Twitter for iPhone

View Raw Data

JSON Data

View on Twitter

Likely Available

Spencer Cox @SpencerJCox

We also need to think through the ripple effects that not backstopping depositors may have. More bank runs would be inevitable. Not to mention the impossibility of businesses never putting more than $250k in any one bank. Again, this is NOT about bailing out a bank. — PolitiTweet.org

Posted March 12, 2023

Preceded By

Spencer Cox @SpencerJCox

But time is a problem here. If you can’t meet payroll on Thursday, then companies might have to close their doors or face mass layoffs. The ripple effect of 100’s of thousands losing their jobs over timing is terrible for our citizens. And that would be true in any industry! — PolitiTweet.org

Posted March 12, 2023

Followed By

Spencer Cox @SpencerJCox

It’s very likely that the assets of SVB will be purchased by another bank and this will work out over time. Taxpayers should not lose money! But we can help bridge the time gap to save thousands of companies and hundreds of thousands of our neighbors who did nothing wrong. — PolitiTweet.org

Posted March 12, 2023