UnHerd with Freddie Sayers cover image

David Sacks: Is the Silicon Valley Bank deal another bailout?

UnHerd with Freddie Sayers

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Whatever It Take, Is It a Good Idea?

The phrase, whatever it takes, not kind of spook you a little bit? It's quite a fashionable phrase actually for governments to take. We're going to do whatever it takes to secure X, Y, or Z a huge goal. In this case, it's guaranteeing every single bank in the US. A lot of people will hear that and think this is yet more sort of socializing of risk basically.

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