David Sacks

@DavidSacks ↗

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Last Checked March 23, 2023

Created

Sat Mar 11 01:09:32 +0000 2023

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David Sacks @DavidSacks

@Jkylebass SVB is going bankrupt. All the stockholders and executive stock options are getting wiped out. I got no problem with that. The only question is how you treat deposits. — PolitiTweet.org

Posted March 11, 2023

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David Sacks @DavidSacks

SVB was a Top 20 A-rated FDIC-insured bank. Do I believe regulators should protect deposits at a bank that they blessed? Yes I do. Should regulators prevent systemic risk? Yes they should. There’s no contradiction unless you believe in protecting Ukraine but not the US economy. — PolitiTweet.org

Posted March 11, 2023

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David Sacks @DavidSacks

The idea that depositors are creditors to a bank is an absurd and outdated notion. Everyone just wants a checking account, not to loan the bank money. — PolitiTweet.org

Posted March 11, 2023