David Sacks

David Sacks @DavidSacks

Thanks to @megynkelly @MegynKellyShow for hosting a classy and civil debate between @VivekGRamaswamy and I on the SVB banking crisis. https://t.co/2Qt1kQlqOH — PolitiTweet.org

David Sacks @DavidSacks

@ivan_bezdomny @theallinpod Yup. https://t.co/eD2xxXqgsu — PolitiTweet.org

David Sacks @DavidSacks

Exactly. It’s never wrong to exercise your free speech rights as an American to wake up government officials to a problem, particular when those officials ultimately agree and take action. Noticing a problem is not the same as creating a problem. — PolitiTweet.org

David Sacks @DavidSacks

In the never-ending quest for scapegoats, some reporters and political types are asking if @theallinpod could have influenced the bank run. We didn't publish until Saturday morning when banks were already closed! I also never tweeted about SVB until it was already in receivership… — PolitiTweet.org

David Sacks @DavidSacks

I find this logic hard to argue with. — PolitiTweet.org

David Sacks @DavidSacks

To be clear, I’m talking about the uninsured portion of deposits, which is significant in many cases. The Fed took important steps last night to guarantee these deposits. However, it may be necessary to go further as @BillAckman is suggesting. https://t.co/WrJHTL2Khp — PolitiTweet.org

David Sacks @DavidSacks

RT @BillAckman: This was not a bailout. During the GFC, the gov’t injected taxpayer money in the form of preferred stock into banks. Bondho… — PolitiTweet.org

David Sacks @DavidSacks

The problems in our banking system aren’t over. They’re just getting started. But at least now we have some amount of time to deal with them. (H/t @balajis) https://t.co/f92P2yqQup — PolitiTweet.org

David Sacks @DavidSacks

@joshtpm You were actively deriding a “bailout” because you thought it was a useful foil to attack me. Now you say “listen to the experts.” Total cop out. Why don’t you just agree with me when you know I’m right? — PolitiTweet.org

David Sacks @DavidSacks

“Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.” And just like that, crisis averted. So easy to do and so unnecessary to ever have this outcome in doubt.… — PolitiTweet.org

David Sacks @DavidSacks

Update: This is where they ended up. Good news. 👏 https://t.co/7J41VIyRU2 — PolitiTweet.org

David Sacks @DavidSacks

The truth of the matter is that if Signature Bank had gone under a day before SVB instead of a day after, everyone would have understood clearly the risk to the banking system. And all of the phony demagogues on both the extreme right and extreme left wouldn’t have had a word to… — PolitiTweet.org

David Sacks @DavidSacks

When do all the angry recriminations start over the “bailout” of Signature Bank depositors? What’s the matter, Twitter mob, cat got your tongue? https://t.co/91C63DSLKx — PolitiTweet.org

David Sacks @DavidSacks

@joshtpm No the real problem is that people like you want to dunk on tech and VCs, even if you understand that what I’m advocating makes perfect sense. — PolitiTweet.org

David Sacks @DavidSacks

Nothing to see here. Completely coincidental and unrelated news for those who claim bank failures don’t pose systemic risk. — PolitiTweet.org

David Sacks @DavidSacks

“Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors” https://t.co/hsZ6vrfom9 — PolitiTweet.org

David Sacks @DavidSacks

RT @KanekoaTheGreat: .@DavidSacks says unlike the 2008 bailouts, Silicon Valley Bank stockholders, bondholders, and executive stock options… — PolitiTweet.org

David Sacks @DavidSacks

RT @TheChiefNerd: David Sacks on Janet Yellen's Response to the SVB Collapse "If I'm right and these 'half-measures' are inadequate, we wi… — PolitiTweet.org

David Sacks @DavidSacks

Faux populist psychopath simultaneously opposes responsible measures to prevent a banking crisis while pre-announcing that he plans to blame the ensuing chaos on those of us who tried to avoid it. Keep this guy as far away from the Oval Office as possible. — PolitiTweet.org

David Sacks @DavidSacks

RT @LHSummers: There is much fog of war surrounding the #SVB situation. Impossible to assess or prescribe with confidence, based on public… — PolitiTweet.org

David Sacks @DavidSacks

RT @unherd: 🚨EMERGENCY LIVE DEEP DIVE: PayPal co-founder @DavidSacks joins @freddiesayers to examine the fallout from #SVBCollapse. Tun… — PolitiTweet.org

David Sacks @DavidSacks

Virtue signalling idiocy. — PolitiTweet.org

David Sacks @DavidSacks

The Fed may or may not realize it but it has created a two-tier banking system: 1. Tier 1: Systemically Important Banks. These are the "too big to fail" biggest banks. If you have money there, it's a true deposit. You can't lose it. 2. Tier 2: Everyone Else. If you have money… — PolitiTweet.org

David Sacks @DavidSacks

RT @adcock_brett: SVB Founders Today is what will differentiate a good entrepreneur from a bad one: 1/ Get to the office. You are in the… — PolitiTweet.org

David Sacks @DavidSacks

This should have happened last week. Now it’s going to be harder to solve. — PolitiTweet.org

David Sacks @DavidSacks

RT @micsolana: left, entrepreneur (job) employing 15 people (jobs) trying to keep her business alive. right, writer for esquire who thinks… — PolitiTweet.org

David Sacks @DavidSacks

RT @ArmandDoma: people are getting very confused about this whole Silicon Valley Bank / FDIC issue, so here's a thread: -Majority of accou… — PolitiTweet.org

David Sacks @DavidSacks

RT @joelpollak: This is absolutely true, especially because the banks that might fail this week (and hopefully won't) could be on Main Stre… — PolitiTweet.org

David Sacks @DavidSacks

We’ve reached a point of political division where it’s fine to root for members of another tribe losing their bank deposits—even though you would protect members of your own tribe in the same situation. Be careful what you wish for because the shoe may soon be on the other foot. — PolitiTweet.org

David Sacks @DavidSacks

The startup economy actually needs speed and certainty more than it needs full insurance. If the Fed announced 85 cents on the dollar available Monday, startups would survive. It’s the rest of the economy that will suffer when the run on the regional banking system begins. — PolitiTweet.org