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FDIC

0 statements across 0 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Mar 24, 2023 by David Sacks · across every show →

Everything said about FDIC, oldest first

Mar 24, 2023
Assertion Supported
Sacks: $10 trillion of $18 trillion in US bank deposits are insured
“We have about 17 and a half trillion in deposits in the US, almost eight, 18 trillion. And one of the misnomers you'll hear is, well, it would cost us 18 trillion to basically insure all the depositors. That's not true, because first of all, 10 trillion is alr…”
David Sacks Mar 24, 2023 ▶ 57:40 E121: Macro update, Fed hike, CRE debt bubble, Balaji's Bitcoin bet, TikTok's endgame & more
Jul 21, 2023 positive
Assertion Contradicted
Sacks: Ramaswamy endorsed raising FDIC business deposit insurance to $10M
“Vivek did endorse a proposal which we, I think Jason, you and I had both come up with, which was to have a higher level of FDIC insurance for business banking. I think it was like ten million or something like that.”
David Sacks Jul 21, 2023 ▶ 2:05:40 In conversation with Vivek Ramaswamy
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