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David Sacks

@DavidSacks ↗

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Last Checked April 3, 2023

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Tue Mar 14 22:25:08 +0000 2023

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David Sacks @DavidSacks

As between (1) bank management, (2) regulators & policymakers in Washington, and (3) depositors, the third group have the least agency and knowledge. Where blame should be heaped most is on the first two groups. Yet virtually all we hear is a narrative about tech. — PolitiTweet.org

David Sacks @DavidSacks

Blaming depositors for bank failure is like placing the blame for medical malpractice on patients because they didn… https://t.co/5bKVtbQUSk

Posted March 14, 2023

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David Sacks @DavidSacks

The stupidest part of all this is that Republicans are letting Biden off the hook by blaming depositors—just because they don’t like these particular depositors. That won’t be a good look if more banks fail. The right position is “no bailouts for banks but protect deposits.” — PolitiTweet.org

Posted March 14, 2023

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David Sacks @DavidSacks

If you’ve figured out how to look past an A rating from Moodys and a regulatory seal of approval, please tell us. I’m sure all business depositors in the regional banking system would like to understand how to do that, since about half of all deposits are uninsured. — PolitiTweet.org

Posted March 14, 2023