Last updated Nov 29, 2025
marketseconomy
Depositors at SVB will not know their exact recovery or receive full distributions by Monday, March 13, 2023; instead, determining and paying out their cents-on-the-dollar recovery will take weeks or even months.
it's not going to be on Monday. It could take weeks or months to figure out how many cents on the dollar you have.View on YouTube
Explanation

Public statements and regulatory actions show the opposite of this prediction occurred.

On March 12, 2023, the U.S. Treasury, Federal Reserve, and FDIC issued a joint statement that explicitly said Silicon Valley Bank depositors "will have access to all of their money starting Monday, March 13" and that all depositors would be fully protected.(fdic.gov)

On March 13, 2023, the FDIC announced it had transferred all deposits, both insured and uninsured, into an FDIC‑operated bridge bank and that depositors would have full access to their money beginning that morning, with all depositors made whole.(fdic.gov) Multiple contemporaneous reports (Bloomberg, TechCrunch, CoinDesk, others) confirmed that SVB customers would have access to all funds on Monday under this guarantee.(bloomberg.com)

Sacks predicted that depositors would not know their recovery or receive full distributions by Monday and that the process could take weeks or months. In reality, U.S. regulators guaranteed full recovery on Sunday and implemented it on Monday, March 13. Therefore, this prediction is wrong.