Do you think Cuban and Tan’s tweets would’ve been more well received if they had instead stressed swift movement on FDIC assisting depositors in obtaining immediate cash liquidity to meet short term obligations with the understanding that the industry (companies and investors collectively) would likely eat any deposit shortfall (versus “the sky is falling! Bailouts pls!”)? TLDR More humility and less demanding.
Ha, well, I was clearly wrong. But the feedback I got was that of crypto bros asking for bailouts resembling a frathouse, after a loud and nightlong party, torching the house and telling their neighbours they'd better help out else their homes will burn too.
