regional bank

also referred to as: regional banks

5 statements across 4 episodes · 1 bullish · 3 bearish · 3 people on the record · first statement Mar 11, 2023 by David Friedberg · across every show →

Everything said about regional bank, oldest first

Mar 11, 2023 positive
Prediction Didn’t hold up
Friedberg: A Fed deposit guarantee would stop banking panic without spending money
“If a federal agency comes in, if the Fed comes in and says, you know what, we are going to backstop all of these banks, and we are going to put five hundred billion dollars behind it, and we're going to guarantee that all these deposits are going to be made wh…”
David Friedberg Mar 11, 2023 ▶ 1:18:28 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Mar 11, 2023
Assertion Not checkable as stated
Sacks: Big players are actively withdrawing money from other regional banks
“Big players are withdrawing their money from other banks right now out of an abundance of caution.”
David Sacks Mar 11, 2023 ▶ 1:16:34 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
Mar 17, 2023 negative
Opinion
Sacks: 2018 deregulation was a 'poison chalice' for regional banks
“Creating a two tier system of banks where one tier are the systemically important banks who are completely guaranteed and backstopped by the federal government. And then a sort of lower tier, a second tier of regional banks was a poison chalice for the Regiona…”
David Sacks Mar 17, 2023 ▶ 20:10 E120: Banking crisis and the great VC reset
Nov 3, 2023 bearish
Assertion Not checkable as stated
Chamath: Regional bank book values tied to commercial real estate are illegitimate
“These book values are illegitimate.”
Chamath Palihapitiya Nov 3, 2023 ▶ 36:05 E152: Real estate chaos, WeWork bankruptcy, Biden regulates AI, Ukraine's “Cronkite Moment” & more
Jan 19, 2024 bearish
Prediction Not checkable as stated
Sacks: Real estate sponsors and regional banks will suffer without 2024 rate cuts
“If rates don't come down as expected this year, you know, I think the market's expecting a 150 basis points of rate cuts. If that doesn't actually happen, there's a lot of real estate sponsors who are in trouble. And in turn, there's a lot of regional banks wh…”
David Sacks Jan 19, 2024 ▶ 46:48 E162: Live from Davos! Milei goes viral, Adam Neumann's headwinds, streaming's broken model & more
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