FDIC

0 statements across 0 episodes · 0 bullish · 2 bearish · 3 people on the record · first statement Jul 12, 2019 by Sanket Pathak · across every show →

Everything said about FDIC, oldest first

Jul 12, 2019
Prediction Partly held up
Pathak: Newly chartered US banks face two years of regulatory restrictions
“And based on the current regulations if they stay the way they are it puts, even if someone were to become a new bank today, for next two years, they would be pretty much kind of in a restricted category with the Fed and also with the FDIC.”
Sanket Pathak Jul 12, 2019 ▶ 16:31 Founding Stories: Synapse
May 2, 2024 negative
Assertion Contradicted
Andreessen: FDIC blocked private equity and bank bids to buy SVB
“There were both there were other big banks that wanted to buy SVB, and there were private equity firms that wanted to buy SVB, and basically do a private sector bailout requiring no, no taxpayer involvement, and the FDIC actually blocked those also.”
Marc Andreessen May 2, 2024 ▶ 1:16:44 Startup Building: Challenges & Opportunities
May 2, 2024 negative
Assertion Contradicted
Horowitz: FDIC rejected SVB buyer to avoid creating another G-SIB bank
“One of the blocks was there was a bank that was going to buy Silicon Valley bank and by buying Silicon Valley bank, it would move up into the G-SIB category, which is globally systemic important banks. And they're like, no more G-SIBs.”
Ben Horowitz May 2, 2024 ▶ 1:17:04 Startup Building: Challenges & Opportunities
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