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Pat Toomey (US Sen. ret.) @SenToomey
It's a really bad idea to systematically and permanently say in the U.S. all deposits are guaranteed by the governm… https://t.co/z6HKw75mVf — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
The really important lesson from SVB's collapse is just how dangerous it is to have extremely imprudent monetary po… https://t.co/4aNWeehhYG — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
I'll be joining @SquawkCNBC in a few minutes to discuss Silicon Valley Bank. Tune in! — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
Check out my conversation with @jaketapper about Silicon Valley Bank and the causes of its collapse. https://t.co/b1dUGP4ii6 — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
Tune in to @TheLeadCNN at 4pm to hear @JakeTapper and I discuss the situation with Silicon Valley Bank. — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
Third, when the Fed finally realized how far behind it was in fighting inflation, it had to play catch up by raising rates at a record pace. That devastated the banks' bond portfolios that the Fed had indirectly created. — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
Second, the Fed's zero interest rate policies—negative real interest rates—forced banks to move out of the risk curve in search of yield. So they invested in longer duration bonds. — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
First, the Fed's extraordinary easy money policies (combined with wildly excessive fiscal policy) contributed much to the surge in deposits at banks like SVB. — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
The Silicon Valley Bank collapse and the broader banking problems are a direct consequence of the Federal Reserve's disastrous monetary policies. — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
Despite our challenges, I’m extremely bullish on America. My optimism is easily justified by our history. America has always been able to survive and thrive. And America remains the greatest nation in the history of the world. https://t.co/yqSiD8GRQQ — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
Representing Pennsylvania in the United States Senate for these twelve years has been the greatest honor of my professional life. I will always be enormously grateful to the wonderful people of this great state for entrusting me with this awesome responsibility. https://t.co/UMcJ22VHB7 — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
Merry Christmas! May you have a safe, warm, and joyous holiday. https://t.co/7KKYldigPQ — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
Stablecoins are an exciting technological development that could transform money & payments. I hope this framework lays the groundwork for my colleagues to pass legislation next year safeguarding customer funds without inhibiting innovation. https://t.co/q3oKHnXaes — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
It is well past time for Congress to pass legislation to require congressional approval before a president of either party can hike tariffs—which are taxes—on Americans. https://t.co/fzGWCNTOTP — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
This is a massive overreach of executive authority. Not even the EPA has been delegated authority from Congress to regulate emissions—the fact that USTR thinks it can use a “national security” tariff statute to do so is plainly absurd. — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
The @USTradeRep has proposed an agreement with the EU that would use the threat of ultra-high tariffs on steel + aluminum to coerce countries into implementing left-wing climate policies. — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
With my last vote as a member of this body, I could not in good conscience condone this irresponsible product nor the process that created it. (4/4) — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
But the legislation’s reckless increase in domestic spending will only exacerbate inflation and make it more likely that future generations will inherit a magnitude of debt that can only be resolved through crisis. (3/4) — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
It is true that the increase in defense spending included in the bill is desperately needed, given the dangers facing our country and our international allies. (2/4) — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
Congress does a disservice to itself and the American people when it considers $1.7 trillion in spending and hundreds of extraneous provisions compiled in one massive 4,155 page bill—all with little public transparency or opportunity to amend. (1/4) — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
RT @WSJopinion: Pat Toomey demonstrates that a Republican without a pugilistic attitude can be an effective fighter, writes @AllysiaFinley… — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
To all those across Pennsylvania who are celebrating tonight, I wish you and your loved ones a Happy #Hanukkah filled with light and joy. https://t.co/7dtQZxqyiP — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
The vast majority of my time and effort in Congress was focused on defending the interests of the Commonwealth, and defending and expanding economic freedom. https://t.co/W2tmxzV2pq — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
RT @CNNSotu: SUNDAY: @SenToomey joins @jaketapper on #CNNSOTU. https://t.co/019HIoz3j2 — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
RT @CoinDesk: "Code committed no crime," @SenToomey says in today's U.S. Senate hearing on the collapse of @FTX_Official. "With FTX, the p… — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
The collapse of FTX is not an indictment of crypto. It’s an indictment of those who misused customer assets. As I’ve said for months, Congress needs to give regulatory clarity so business flows to prudent, sensible, well-regulated American crypto exchanges. https://t.co/oXKZdawO0m — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
PA resident Marc Fogel is jailed in Russia for reasons almost identical to Brittney Griner. With my PA colleagues, I have urged the State Department to prioritize his release. The Biden Admin brought home a celebrity—it must work just as hard to bring home everyday Americans too. — PolitiTweet.org
POLITICO @politico
The case of 61-year-old Marc Fogel has eerie parallels to that of Brittney Griner. But there’s little sign Fogel wi… https://t.co/jWrApe6pHT
Pat Toomey (US Sen. ret.) @SenToomey
RT @SenThomTillis: Great idea. This is a good common sense solution to provide transparency. — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
Unfortunately, the Biden Administration continues to vigorously defend these tariffs, which for years have caused harm to American consumers + workers. It is sad to see President Biden carrying the torch for Trump on protectionist trade policies. — PolitiTweet.org
Pat Toomey (US Sen. ret.) @SenToomey
Today a @wto panel acknowledged the obvious: There was never any legitimate national security basis for President Trump's taxes on foreign steel + aluminum, despite his use of a national security authority for those tariffs. — PolitiTweet.org
