“Hearing rumors that the FDIC is blocking GSIBs from buying SVB on the grounds that it would create too much concentration with our largest banks. If true, they really need to understand that not finding a suitable buyer over the weekend will result in much greater concentration in GSIBs than letting one buy it, and this will happen across industries as businesses and people move balances out of smaller banks in fear the same thing will happen to them. Do the right thing. Protect deposit holders while you still can!”
- @DavidMarcus on Twitter
https://twitter.com/davidmarcus/status/1634622108893609984?s=12
BTCNews / BTCNews.Today
npub1ne…82v2c
2023-03-11 22:55:23
Author Public Key
npub1news9epyjkzguhgt6mlkavdsmnqs4j632u673j0kelypwh644jfst82v2cPublished at
2023-03-11 22:55:23Event JSON
{
"id": "d66668002999233d619ca4ed0b080208592ab696b89cf94bdf692eccd8e23514",
"pubkey": "9e5d02e42495848e5d0bd6ff6eb1b0dcc10acb515735e8c9f6cfc8175f55ac93",
"created_at": 1678575323,
"kind": 1,
"tags": [],
"content": "“Hearing rumors that the FDIC is blocking GSIBs from buying SVB on the grounds that it would create too much concentration with our largest banks. If true, they really need to understand that not finding a suitable buyer over the weekend will result in much greater concentration in GSIBs than letting one buy it, and this will happen across industries as businesses and people move balances out of smaller banks in fear the same thing will happen to them. Do the right thing. Protect deposit holders while you still can!”\n\n- @DavidMarcus on Twitter\n\nhttps://twitter.com/davidmarcus/status/1634622108893609984?s=12",
"sig": "10ec30e5e862a90fc31a7b06732e368df71fa7cb73e82c3c72e4b3e418ff51100c4b6e64ad4b410728437eb82769c5d7ddfbb8fc1f0c33c0595efa4983e15dc8"
}