covering biz & finance @Semafor. @WSJ alum. book soon from @crownpublishing on the pandemic economy. liz.hoffman.r@protonmail.com for secrets.
Mar 10, 2023 • 5 tweets • 2 min read
One thing: This isn't 2008. The assets that are the problem here aren't toxic real-estate garbage, they're, like, Treasurys. Everyone can figure out what they're worth, sell them, lend against them, etc. The FDIC should be able to advance money to uninsured depositors pretty fast
not to say there won't be fallout but the problem in 2008 was nobody could value the garbage assets so they had to put money into all the banks.
Nov 22, 2022 • 6 tweets • 3 min read
Letter SBF sent today to FTX employees h/t @CoinDesk2/2
Nov 22, 2022 • 4 tweets • 2 min read
In today's newsletter, a secret, late-night text between the two men of the moment, SBF and Elon, and how we got here semafor.com/article/11/22/…
Plus Bob vs. Bob, smart money divided on the Big Tech selloff, and one good text with Grindr's CEO after its improbably IPO. "Never bet against the gays!"