Sam Altman on svb collapse

https://x.com/sama/status/1634958179657449475

Don’t entirely disagree but let’s see what happens monday

29
Jump in the discussion.

No email address required.

https://i.rdrama.net/images/16786447180894246.webp

Sums it up pretty nicely. :marseyrise:

Jump in the discussion.

No email address required.

Very articulate statement more poignant than most major media reports

Jump in the discussion.

No email address required.

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.

Jump in the discussion.

No email address required.

The main problem with that is people dont suffer like they should we need to foreclose on every depositer for no reason immediately

Jump in the discussion.

No email address required.

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.

Jump in the discussion.

No email address required.

Link copied to clipboard
Action successful!
Error, please refresh the page and try again.