ugh fine here is my SVB thread:
— Sam Altman (@sama) March 12, 2023
TL;DR: at this point, to be certain of avoiding catastrophe, the FDIC needs to temporarily guarantee all deposits. other solutions might work, but this is the best one.
Don’t entirely disagree but let’s see what happens monday
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Sums it up pretty nicely.![:marseyrise: :marseyrise:](/e/marseyrise.webp)
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It's an excellent point. Hopefully the FDIC sends out a large advance dividend and this whole thing leaves them looking like the greedy pigs they are. If the FDIC sends out a small chunk of change, it'll cause problems everywhere, and these losers will get to pretend they were ackchually looking out for the little guy.
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Very articulate statement more poignant than most major media reports
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hot take: the fdic should guarantee the bank accounts up to 250k like they literally say they will. I know, I'm a bit of an extremist.
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The main problem with that is people dont suffer like they should we need to foreclose on every depositer for no reason immediately
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He’s an idiot who wants gibs is all. They shouldn’t guarantee deposits because that would set the expectation they will always.
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Banks and the government should be open weekends. They are too important to only be open during business hours.
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What the frick? No. Why does every startup frick think they get to frick around and find out. Uninsured is uninsured cuck
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Apparently not lol
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sam altman is an r-slur that paul Graham gave a bunch of money to because he looks like Zuckerberg and he had some weird ugly guy fetish.
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Altman is also one of the five members on Reddit's board.
As for Graham, he was the guy that actually "created" Reddit. The two college buttholes were only meant to write some ancient code and be figureheads with titles.
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I’m fine nationalizing the banks in all but name if FDIC ratchets up premiums to claw back the cost of this extended protection.
“But VCs won’t learn!” as if they ever do, as if the consequences would be so narrow to land squarely on the culpable douches.
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AHHHHH IM NOOOTICING
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This guy fricking sucks
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Snapshots:
archive.org
ghostarchive.org
archive.ph (click to archive)
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