Genevieve Roch-Decter: The FDIC took a $13 billion loss on the deal, while JP Morgan will gain $2.6 billion Does the government really need to subsidize the largest bank in the world?

Source: t.co/iwVahYs986

— Genevieve Roch-Decter, CFA (@GRDecter) May 18, 2023

The government: "We have to be careful of letting a few banks control the entire economy"

Also the government: Invites the CEOs of the largest banks to a private meeting to advise on the debt ceiling pic.twitter.com/3WfMwM56ug

— Genevieve Roch-Decter, CFA (@GRDecter) May 18, 2023

Good chart on the history of the #debtceiling.
Despite all of the nonsensical rhetoric from the mainstream media and #JanetYellen, there are two basic truths.
1) The debt ceiling will get raised.
2) We will not default on our #debt.
The #debt problem…however…is another… pic.twitter.com/AQq6MluXFj

— Lance Roberts (@LanceRoberts) May 18, 2023