: ‘Weren’t you a treasury secretary?’ Larry Summers gets dragged on the internet after post on SVB’s collapse

Former Treasury Secretary Larry Summers, as he often does, took to Twitter to opine on the financial issue of the day, the collapse of SVB Financial. He generated a firestorm with his comment.

Here was the tweet.

The issue with that description is that all banks operate that way. They “borrow” short, mostly from depositors parking their money…