I just had the worst #customersupport experience of my life with @EversourceCT - No power. No help. After waiting on hold for hours. Meanwhile the@eversourcect tech at our doorstep was specifically told not to help us. I can't imagine how to provide worse customer experience.
We should not underestimate the desirability of having, before #markets open for #trading tomorrow, announcements pointing to a relatively orderly #SVB resolution.
In this context, here are some thoughts on the better policy compromises:
https://t.co/kisswV9yXB
@ft#econtwitter
A couple SVB thoughts. 1. 250k is too low. It's insane that a small company with say 2.5m in payables and payroll at the end of the month should be "prudent" and split their cash across 10 banks in case of a run. The fees and admin would be crazy. But great for banks
The tragedy of SVB is that its not the wealthy taking the hit. It's the thousands of companies who borrowed from SVB and were required to keep their cash in SVB. Those entrepreneurs and their employees and vendors are feeling the pain. And they are who the Fed should protect
BREAKING: Trump's "Truth Social" explodes with calls for civil war after the FBI raids Mar-a-Lago with some bragging that MAGA supporters outnumber other Americans "10 to 1" and saying that this time they'll be "armed with more than just flags." RT TO DEMAND AN INVESTIGATION!
@Jim_Jordan And you have…
aided and abetted treason and insurrection on 1/6
Repeated the big lie over and over
Put your trust in guy who lied with intent
Taken away womens rights to healthcare
Kept watching kids getting shot in schools doing nothing
Yeah, nice high ground.
Citizens and soldiers.
The #cupsofkindness project (link in bio) is bringing free coffee to the people of mikoliav Ukraine 🇺🇦.
You’re invited to Support the project! @ Mykolayiv https://t.co/WFaUJGTcYI
Dear Brother Ahmaud:
I know that this verdict doesn’t bring you back, and, oh how I lament your death.
Yet I rejoice in this verdict as I remember these words from my father:
“I believe that unarmed truth and unconditional love will have the final word in reality.” ~MLK
"The President undermined American democracy baselessly for months. As a result, he’s culpable for this siege, and an utter disgrace," said Tom Bossert, President Trump's first homeland security adviser
https://t.co/bViHI35zd5
After 1 year + off social media, it’s time to #vote
1. Our #votes are in
2. We wrote dozens of letters reminding ppl to #vote.
3. #Vote. It matters. @ Sharon, Connecticut https://t.co/mIw3MYokis
@realDonaldTrump@GOP#Hypocrisy at its finest. Republican lawmakers made the case 4 years ago that the people should first elect a president before replacing the judges.