Ro Khanna

@RoKhanna ↗

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Last Checked March 31, 2023

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Tue Mar 14 01:53:18 +0000 2023

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Ro Khanna @RoKhanna

.@LeverNews has reported on the successful efforts of bank lobbyists to avoid paying more into the Deposit Insurance Fund. This is shameful. Banks must pay higher premiums to fund depositors’ insurance. This will incentivize more responsible management and less risky behavior. — PolitiTweet.org

Posted March 14, 2023

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Ro Khanna @RoKhanna

SVB chief executive Greg Becker sold $3.6 million worth of shares on February 27th. I have said that there should be a clawback of that money. Whatever his motives, and we should find out, that $3.6 million should go to depositors. — PolitiTweet.org

Posted March 14, 2023

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Ro Khanna @RoKhanna

And @ewarren is right that we must reform deposit insurance to ensure that in times of crisis businesses can still make payroll. The money for this should come from the banks that are taking the risk and reaping the benefits in good times. — PolitiTweet.org

Posted March 14, 2023