M. Duncan🌵🌵

Forever bearish crypto enthusiast🌵🌵

[M. Duncan🌵🌵 @txcrypto2022]

@BankofOklahoma I know you can’t fix this broken system, but the way y’all handle insurance claims after storms is incredible stressful and frustrating. It is beyond absurd that someone, who I would assume is intelligent, purposely set it up this way.

[M. Duncan🌵🌵 @txcrypto2022]

@RepArrington Now we fire people when Data doesn’t say what we want?

[M. Duncan🌵🌵 @txcrypto2022]

@Forbes not sure why Forbes has decided to run inflammatory, negative and extremely false opinion pieces about railworkers. Maybe if the owner actually could relate to the middle class and actually knew what if felt like to put in an honest day of labor his opinion would count!

[M. Duncan🌵🌵 @txcrypto2022]

@BankofOklahoma has been great with my mortgage but getting the money I need to repair my home in Texas has been a nightmare. The money release process is extremely complicated and adds extra stress at this time. I should not have to jump through this many hoops to fix my home

[M. Duncan🌵🌵 @txcrypto2022]

@RepArrington Y’all have failed the American people, this accomplishes very few promises and breaks most of them.

[M. Duncan🌵🌵 @txcrypto2022]

@JodeyArrington But yet your bill increases debt….

[M. Duncan🌵🌵 @txcrypto2022]

@baldridgecpa So is inflation, monetary instability and other fun economic downtrends

[M. Duncan🌵🌵 @txcrypto2022]

@gunsupnation Good luck

[M. Duncan🌵🌵 @txcrypto2022]

@RepArrington I thought we were trying to be fiscally responsible, how is adding trillions to the national debt achieving this?

[M. Duncan🌵🌵 @txcrypto2022]

@elonmusk Just because you don’t like or agree with the outcome does not make it unconstitutional

[M. Duncan🌵🌵 @txcrypto2022]

@MartiniGuyYT It’s a sell the news event, the speculation on approval created the buzz, now the approval is here so it’s the let down. It’s already price in.

[M. Duncan🌵🌵 @txcrypto2022]

@BrenleyHerrera Too bad they can’t win a game

[Bill Ackman @BillAckman]

Recent events have made clear in the mind of the average American that there is a risk that they could lose money doing something they used to think of as safe -- Being a depositor. We have had a two-tiered system since the GFC where a few large banks have the explicit backing of the taxpayer and the rest have $250k of deposit insurance. This two-tiered system worked until it didn't work.

In a world with @Twitter - speed spread of information and smart-phone-enabled bank accounts where withdrawals can be made with the push of a button, no bank is safe from a run unless the depositor has an explicit gov't guarantee that ensures that they always have complete access to the total value of their deposits. Without this guarantee, the non-systemically important banks (non-SIB banks) will likely continue to experience large withdrawals.

This problem is compounded by the stock market. Consumers now understand that when a bank stock collapses, it is only a matter of days before the bank fails due to liquidity demands by their depositors.

The rewards for being a depositor are minimal compared with the risk of loss from losing access to funds needed to run your business or household. Until this problem is solved, our banking system is at risk. The more time the public is exposed to a period of uncertainty, the more imprinted deposit risk is on the mind of the public.

That is why it is critically important that our gov't promptly puts its full faith and credit behind our deposit system.

If in fact, your deposit is safe if a bank fails, as in SVB and Signature, then why is it difficult for the gov't to confirm that your deposit is money good when your bank is still operating?

We need a temporary systemwide deposit guarantee that will remain in place until our outmoded $250k deposit guarantee program is modernized. Since this new system can't be created over a weekend, we need a stop-gap measure to get us through the next few days and weeks.

The alternative is one bank failure after the next. The weakest three have already fallen. The market is already telling you who is number four. This is not the way one maintains confidence in a banking system.

Lastly, the more banks that fail, the higher the cost of capital will be for non-SIB banks. This will have a profound long-term impact on the cost of capital for small and medium-sized businesses, a cost that has already increased materially due to the overall rise in rates. It is not helpful to put even more pressure on these critically important drivers of our economy.

[Averi Duncan @AveriDuncan]

Some PRs today, and tomorrow is finals!
#state
@uiltexas @lubbockisd https://t.co/rxAm9WZ30R

[Texas Tech University @TexasTech]

To everyone who loves this school, and to everyone who has ever been a part of this school.

Cheers to 1️⃣0️⃣0️⃣ years! 🥳

🔴#TTU100⚫️

[Averi Duncan @AveriDuncan]

Fueling like a champ!

@chickfila @cfa82ndandmilwaukee @cfa69thandslide @cfaraiderpark
#eatmorchikin 🐔
#districtswimmeet @ Pete Ragus Aquatic Center https://t.co/eiPn9ic4zJ

[Texas Tech Track & Field @TexasTechTF]

MEN’S 4x400m relay goes 3:04.52!!!!!!!

[Averi Duncan @AveriDuncan]

District Champ 500 Free…District Champ Medley Relay…District Runner-Up 4Free Relay…District Runner-Up Team…Bronze Medal 2Free!
@LubbockISD #CU #Mustangs

[M. Duncan🌵🌵 @txcrypto2022]

@RCMB323 Take care of the ball

[RJ Ochoa @rjochoa]

CeeDee Lamb supporting Brett Maher 💙

(🎥: @dallascowboys) https://t.co/ekjHbM9iTM