David Sacks

@DavidSacks ↗

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Last Checked March 25, 2023

Created

Sat Mar 11 18:26:11 +0000 2023

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David Sacks @DavidSacks

.@BillAckman is right. There are two systemic crises underway right now: (1) Startup Extinction Event - thousands of startups and small businesses won’t be able to make payroll and will immediately need to furlow or layoff employees if the FDIC does not release at least a… — PolitiTweet.org

Posted March 11, 2023

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David Sacks @DavidSacks

💯 — PolitiTweet.org

The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without p… https://t.co/SqdkFK7Fld

Posted March 11, 2023

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David Sacks @DavidSacks

@SinaiLawFirm @BillAckman Perhaps FDIC could add a business-class level (eg $25M protection) that’s incredibly restrictive about what banks can invest in (eg fully marketable liquid securities only). All businesses would opt for this, and it would end systemic risk. — PolitiTweet.org

Posted March 11, 2023