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E121: Macro update, Fed hike, CRE debt bubble, Balaji's Bitcoin bet, TikTok's endgame & more
All-In with Chamath, Jason, Sacks & Friedberg
The Future Moral Hazard of Bailout
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"I was really clear that SVB shareholders should be wiped out," he said. "If it turns out that they should have known the thing was about to go under, I think there are stock sales should be clogged back." He says depositors aren't in a position to evaluate balance sheet of these banks and shouldn't be put on hook for toxic assets. 'We need people in the system to lose their money because that creates discipline'
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