David Sacks

@DavidSacks ↗

Deleted No

Hibernated No

Last Checked April 3, 2023

Created

Tue Mar 14 21:12:47 +0000 2023

Likes

597

Retweets

Source

Twitter for iPhone

View Raw Data

JSON Data

View on Twitter

Likely Available

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

Preceded By

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

Followed By

David Sacks @DavidSacks

Once the run on the bank started, decisive action by the Fed was imperative. This meant protecting deposits (uninsured are 50%) and backstopping regional banks. No matter how distasteful you may find those things to be, it was necessary to prevent a greater economic calamity. — PolitiTweet.org

Posted March 14, 2023