Spencer Cox

@SpencerJCox ↗

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Last Checked March 23, 2023

Created

Sun Mar 12 14:44:09 +0000 2023

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201

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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

Preceded By

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

Followed By

Spencer Cox @SpencerJCox

@KevinMcGilly Yes — PolitiTweet.org

Posted March 12, 2023