David Sacks

@DavidSacks ↗

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Last Checked March 26, 2023

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Sat Mar 11 18:52:33 +0000 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

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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

RT @dawallach: Totally right. Even Warren Buffett (when asked by Ackman) described how difficult large banking institution finances are to… — PolitiTweet.org

.@BillAckman is right. There are two systemic crises underway right now: (1) Startup Extinction Event - thousands… https://t.co/2eBu5Sg3yp

Posted March 11, 2023 Retweet