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E138: Presidential Candidate Vivek Ramaswamy in conversation with the Besties
All-In with Chamath, Jason, Sacks & Friedberg
The Federal Reserve Frozen the Ability to Take Out Deposits
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Before Friday, I was already against any governmental intervention here. And we talked through the specific situation and then it dawned on me. If everybody had run and gotten their money out, I think it would have been like $0.94 on the dollar that everybody would have walked out with. The California regulator on Friday morning froze the ability to take out deposits. It's not necessarily we're going to agree at the end of this, but there's a chance that we might actually get along.
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