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The problem with people losing confidence in deposits is the details get lost in the headlines. Once you hear you can lose money with a deposit at the bank, it affects
everyone.
Bill Ackman
Bill's Plea to the Fed: Guarantee All Deposits Until the FDIC Insurance Program Is Updated
20VC: Bill Ackman on The Banking Crisis, What the Fed Should Do, The Three-Tiered Banking System, Why SVB is the Safest, Why Jamie Dimon Should Run For President & Investing Lessons; Losing $400M on Netflix and Making $2.8BN in COVID
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