Rangel 🌟 (@npkvpgmmn5) 's Twitter Profile
Rangel 🌟

@npkvpgmmn5

ID: 1445000896211943425

calendar_today04-10-2021 12:20:48

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Howell Ellerman (@howellsacto) 's Twitter Profile Photo

Rep. Eric Swalwell Why? Why do we privatize the profits of these banks but socialize their losses? I understand for everyday account holders < $250K, but these people are sophisticated investors.

Alf (@macroalf) 's Twitter Profile Photo

SVB does not deserve a bailout. A deep look at their financial statement reveals how horrific they were at risk management. And in my opinion incompetence explains only part of it. Moral hazard must have been at play. A thread. 1/

Erik Voorhees (@erikvoorhees) 's Twitter Profile Photo

No, the government shouldn’t bail out or “backstop” SVB. Consider, for a second, that SVB engaged in the behavior it did in part because of prior bailouts and backstops. Let’s not double-down on moral hazard, yet again. Nobody will care or listen to this tweet.

Vivek Ramaswamy (@vivekgramaswamy) 's Twitter Profile Photo

No bailouts. Right answer: govt should get out of the way & let another bank acquire SVB on the cheap. If taxpayers bail out a bunch of tech startups who failed to manage risk, that’ll trigger an “Occupy Silicon Valley” of historic proportions - and rightly so.

Rangel 🌟 (@npkvpgmmn5) 's Twitter Profile Photo

I will likely never vote for a democrat again. Biden administration and Gary Gensler Elizabeth Warren have declared war on crypto by labeling coins which validate transactions by proof of stake as securities . The law suits are arbitrary , capricious and hurt consumers