deposits
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Mar 24, 2023 by David Sacks · across every show →
Everything said about deposits, oldest first
Mar 24, 2023 negative
Sacks: Banking system incentives encourage high-leverage gambling with depositor funds
“They're highly leveraged. The deposits, from their standpoint, are leveraged. They're leveraged 10 to one. So their incentive is to go to the casino and gamble it because they get to keep all the upside, and if they lose it, It's basically someone else on the …”