David Sacks

@DavidSacks ↗

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Last Checked April 1, 2023

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Sun Mar 12 17:19:39 +0000 2023

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David Sacks @DavidSacks

What Yellen should have said: 1. No bailout for SVB stockholders/bond holders. 2. But deposits are safe—not just at SVB but at all regional banks. You can trust the US banking system. 3. We will backstop it if necessary to prevent contagion. We will defend the US banking system. — PolitiTweet.org

Posted March 12, 2023

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David Sacks @DavidSacks

The basic formula here is actually correct… 1. No bailout for SVB stockholders/bond holders. 2. But we will meet the needs of depositors. 3. And prevent contagion… But it all sounds hopeless vague. Half-measures won’t stop a banking crisis. https://t.co/sfw27Kt2C7 — PolitiTweet.org

Posted March 12, 2023

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David Sacks @DavidSacks

Kudos to @RoKhanna. Every word of this is true. Decisive action is needed to protect the regional banking system. The run on other banks has already started. https://t.co/G45fvuKQaJ — PolitiTweet.org

Posted March 12, 2023