David Sacks

@DavidSacks ↗

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Last Checked April 3, 2023

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Tue Mar 14 21:20:40 +0000 2023

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David Sacks @DavidSacks

What turned the mortgage bonds toxic? The most rapid rate-tightening cycle we’ve seen in decades. You can see the connection here between rapid rate hikes and unrealized losses in the banking system. https://t.co/cjcx5CnkYI — PolitiTweet.org

Posted March 14, 2023

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David Sacks @DavidSacks

(Perhaps this is why SVB had an “A” rating from Moodys and had passed all of its regulatory exams.) — PolitiTweet.org

Posted March 14, 2023

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David Sacks @DavidSacks

So what caused the rapid rate hikes? The worst inflation in 40 years. And what caused that? Profligate spending and money printing coming out of Washington—all while Biden, Yellen and Powell assured us inflation was “transitory.” — PolitiTweet.org

Posted March 14, 2023