4min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

The Bankruptcy Process Could Actually Be the Saving Grace of American Siness

Yves Smith: We have a 30 % hole in our economy right now. And if the crisis only lasts a few months, maybe they can hold it all together. But i do worry that if it lasts longer, it's going to slip out of their hands. He says bankruptcy could actually be the saving grace of american siness at this moment.

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