David Sacks

@DavidSacks ↗

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Last Checked April 3, 2023

Created

Tue Mar 14 21:11:09 +0000 2023

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David Sacks @DavidSacks

By Friday the run on other banks had begun. This became abundantly clear when regulators placed Signature Bank in receivership, announced a backstop facility for First Republic, and temporarily halted trading of regional bank stocks on Monday. Even giant Schwab was halted. — PolitiTweet.org

Posted March 14, 2023

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David Sacks @DavidSacks

The idea that one needed “non-public information” to understand that SVB was at risk is drivel being peddled by populist demagogues. Any depositor who could read the WSJ or watch the stock ticker could understand that there was no upside in waiting to see what would happen next. — PolitiTweet.org

Posted March 14, 2023

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David Sacks @DavidSacks

Some unscrupulous reporters and political types have even claimed that somehow I caused this through my tweeting. Damn, you must think I’m Superman! Or maybe E.F. Hutton. But the timing doesn’t line up at all, as I already explained. — PolitiTweet.org

In the never-ending quest for scapegoats, some reporters and political types are asking if @theallinpod could have… https://t.co/ryRP3qx0Kl

Posted March 14, 2023