Sign up to save your podcasts
Or
Share Blame the Fed: David Sacks and the VC who cried bank-run
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Blame the Fed: David Sacks and the VC who cried bank-run
“Where is Powell? Where is Yellen? Stop this Crisis NOW,” cried a perturbed and angry David Sacks before market close on Friday March 10.
Sacks, the VC famous for co-founding PayPal, his tech investments, and for buying and dumping $1 billion worth of Solana, was raising the alarm that Silicon Valley Bank had financial troubles and could risk a bank run.
In his panicky tweets, Sacks argued that if SVB wasn’t saved, regional and small banks would also experience bank runs, causing financial chaos.
For more informed news, follow us on Twitter, Instagram, and Google News or subscribe to our YouTube channel.
Hosted on Acast. See acast.com/privacy for more information.
View all episodes
By Protos“Where is Powell? Where is Yellen? Stop this Crisis NOW,” cried a perturbed and angry David Sacks before market close on Friday March 10.
Sacks, the VC famous for co-founding PayPal, his tech investments, and for buying and dumping $1 billion worth of Solana, was raising the alarm that Silicon Valley Bank had financial troubles and could risk a bank run.
In his panicky tweets, Sacks argued that if SVB wasn’t saved, regional and small banks would also experience bank runs, causing financial chaos.
For more informed news, follow us on Twitter, Instagram, and Google News or subscribe to our YouTube channel.
Hosted on Acast. See acast.com/privacy for more information.