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:agree: When losses are socialised there's nothing stopping the banks from making more risky bets, make a shit ton of money and then running to the government to make their customers whole when some of those bets fail eventually. Even though the claim is that no tax payer money is used for this...

If I run a company with a few hundred employees, with vendors to pay, wouldn't it be annoying to split the money into chunks of 250k in different banks and keep track of all that? (Do credit unions have higher amounts insured in the US?)

I knew who it was even before clicking the link :lol2: Sacks is a clown. I listened to a few episodes of his podcast with his friends (All in) around the time of the Twitter acquisition and everything Musk has done post that (layoffs and cost cutting, subscription, :gsol:free speech:gsol:) were...

Free market capitalism :touched: Fun to see a bunch of libertarian VCs call for the gubment to do something when their money is stuck and unironically will go back to big gubment bad in their next podcast appearance.

These are still companies that employ people, that have to pay vendors and make payroll. At least in the short term there will be chaos. And it's not all start-ups either, if companies like Roku suddenly do not have access to a quarter of their cash.

Invade Iran to put oil back :seven:

But there are no jobs available... around here for 4-5 vacancies, you have 300-400 people applying... its sad...

You asked for two words... i gave 'em to you... wat else do u expect in 2 words?

Kill Yourself?