The case they made for protecting funds from a most $250,000 to, effectively, infinity, was a extra refined model of what the Twitter panics-spreaders had been saying: It will stem a collapse in the tech sector and calm folks all around the nation who were all of a sudden frightened about their own banks’ stability. However the loudest voices urging bailouts didn’t seem to be those most in jeopardy, but super-rich investors and speculators likeself-described angel investor Jason Calacanis, PayPal mafia billionaire David Sacks, and Machiavellian hedge fund magnate Bill Ackman, bombing Twitter with over-the-top pleas to rescue depositors. Because of this, in the case of funding, “$500,000 is the new $5 million,” says tech investor Mike Maples. It’s laborious not to empathize with a number of the rank and file tech workers, lots of them far from California, who wouldn’t be in a position to meet their payments. It’s several weeks into the program, and Maples is in a Palo Alto, California, coffeehouse for a meeting with the Weeblies. This a rt ic le has been g en er ated by GSA Con tent Gene rator DEMO.
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