Does Evolve survive? That would be a failure on the part of FDIC, for sure. Do customers get made whole? 1/

I'm glad going forward there's a regulatory patch to prevent precisely this occurrence. Is that sufficient? Shouldn't there be a precautionary regime of regulation in place to ensure that new workarounds aren't tried for "more efficient" backing assets? 2/

Should we be excited about deleting CFPB and perhaps FDIC going forward? Synapse was an Andreeson-Horowiiz backed firm. What do you think of their reputation. Should the public place must trust its brilliant ventures? This isn't the first firm in history. 3/

There is so much forgiveness of failure, within the Valley culture. God forbid there be as much grace offered to those who are collateral damage of those failures. That would be expensive! And to prevent it would require, well, intrusive and sometimes burdensome regulation. 4/

Buidl! 🔥🔥🔥 /fin