Rep. Ritchie Torres
A
New legislation: In 2008, Washington Mutual, the largest bank failure, lost $16.7 billion in deposits in 10 days. By contrast, Silicon Valley Bank lost $42 billion in a few hours.

My bill requires bank regulators to examine the role of social media in causing financial panic and bank runs.
06:23 AM - Apr 11, 2023 (Edited)
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Tom Joad
A
Very important, but part of the larger problem of the way most social media creates echo chambers filled with very cherry-picked, one-sided, or just plain wrong information that propagates like a virus.
It's why our covid measures were doomed to failure.
In response to Rep. Ritchie Torres.
02:15 PM - Apr 12, 2023
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