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We need a system-wide deposit guarantee, and then we need FDIC insurance with appropriate premiums so that these smaller banks can operate. That network of banks is important for the farmer in Iowa as much as it is for the venture capitalists in Silicon
Valley.
Bill Ackman
Bill Ackman on the 2023 Banking Crisis: We Need a Temporary System-Wide Deposit Guarantee
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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