In the Media
David Sacco, lecturer of finance, discusses bitcoin, how it works, and if it can be converted to cash from digital gold.
David Sacco, MBA
Finance Department
Pompea College of Business
Education
MBA in Finance, New York University, 1993
BS in Finance, New York University, 1985
About
David Sacco is a Lecturer in the Finance program and serves as a full-time instructor in the Finance, Economics, Management and Entrepreneurship programs. Mr. Sacco joined the Pompea College of Business faculty in 2018. He holds both a BS and an MBA, in finance, from New York University.
Mr. Sacco spent 25 years in the institutional fixed income business. He began his career at The Chase Manhattan Bank in interest rate swaps in 1985 and moved to UBS in 1986. Before leaving UBS in 2009, he traded a variety of fixed income products and derivatives and rose to the level of Managing Director and global head of Rates. He was also member of the UBS Investment Bank Board.
In addition to teaching, Mr. Sacco is involved in several extracurricular organizations at the Pompea College of Business including the Investment Club and Liberty Initiative. Mr. Sacco also has an active consulting business for and invests in start-ups and small businesses.
In the Media
In the Media
David Sacco, a lecturer of finance, discusses the market downturn and some of the factors that cause volatility.
In the Media
David Sacco, a finance lecturer, discusses the recent downturn in the global stock markets and the importance of investing based on market prices rather than the economy.
In the Media
David Sacco, a lecturer of finance, discusses the recent downturn in the global stock markets and how it happened. (12:45)
In the Media
David Sacco, a lecturer of finance, discusses the stock market downturn and the number of factors involved in its volatility.
In the Media
David Sacco, a lecturer of finance, comments on the U.S. Securities and Exchange CommissionÐÓ°ÉÔ°æ™s decision to drop a case against Paxos for its connection to Binance USD.
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David Sacco, lecturer of finance, discusses Bitcoin and cryptocurrency and gives his opinion on investing in this market, in part two of this interview.
In the Media
David Sacco, a lecturer of finance, comments that banks that have bought assets from failing banks need time to rectify the situation, but banking, at large, remains stable.
In the Media
David Sacco, lecturer of finance, discusses Bitcoin and cryptocurrency and gives his opinion on investing in this market, in part one of two of this interview.
In the Media
David Sacco, a lecturer of finance, says that, in some ways, the United Auto Workers strike is about the car industryÐÓ°ÉÔ°æ™s future.
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David Sacco, a lecturer of finance, comments on the business model of purchasing distressed financial assets, such as a failed mall, and revitalizing the property for a different use.
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David Sacco, a lecturer of finance, comments on a bill proposed by the U.S. House Financial Services Committee to regulate stablecoins and crypto assets.
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David Sacco, a finance lecturer, discusses the increased number of buyers in the housing market and mortgage rates as the Federal Reserve may raise interest rates again to control inflation.
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David Sacco, a practitioner in residence of finance, discusses the consequences of the government not reaching an agreement on the debt ceiling before the deadline of June 5.
In the Media
David Sacco, a practitioner in residence of finance, discusses the impact on the economy and the financial markets if Congress and the White House do not reach a deal on the debt ceiling.
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David Sacco, a practitioner in residence of finance, discusses what cryptocurrency is and if it will become a global currency.
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David Sacco, a practitioner in residence of finance, discusses the fee change on Freddie Mac and Fannie Mae mortgages that will favor those with lower credit scores and raise fees for high-credit score borrowers.
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David Sacco, a practitioner in residence of finance, comments that issues resolving the debt ceiling occur when different political parties control the White House and the House. However, he predicts that neither will allow it to become catastrophic.
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David Sacco, a practitioner in residence of finance, discusses the takeover of First Republic Bank by JP Morgan Chase and what can cause a run on a bank.
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David Sacco, a practitioner in residence of finance, discusses the rule changes by Fannie Mae and Freddie Mac for conventional mortgages.
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David Sacco, a practitioner in residence of finance, says banks of all sizes may face the same consequences that Silicon Valley Bank did, if depositors choose to withdraw all their money.
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David Sacco, a practitioner in residence of finance, comments on FedNow, a program designed to enable financial institutions to provide secure banking transactions similar to Venmo or Zelle.
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David Sacco, a practitioner in residence of finance, comments on cryptocurrency regulations in the U.S. and Canada and governmentsÐÓ°ÉÔ°æ™ effort to assert oversight.
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David Sacco, a practitioner in residence of finance, comments on some factors that make the real estate market volatile.
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David Sacco, a practitioner in residence of finance, discusses how the bailout of failed banks could impact student loan forgiveness, as both are considered consumer-funded bailouts.
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David Sacco, a practitioner in residence of finance, said a bank run is a crisis of confidence for financial institutions and that the Federal Reserve may consider lowering interest rates in the short term.
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David Sacco, a practitioner in residence of finance, says depositors should check whether the Federal Deposit Insurance Corporation protects their bank and speculates whether the Federal Reserve will raise interest rates again.
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David Sacco, a practitioner in residence of finance, says the rollback in 2018 of Dodd-Frank regulatory protections would not have changed the outcome that led to the downfall of Silicon Valley Bank.
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David Sacco, a practitioner in residence of finance, discusses the circumstances leading to the collapse of Silicon Valley Bank, saying that customers of most banks have their accounts covered by FDIC insurance for depositors.
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David Sacco, a practitioner in residence of finance, comments on reports that the CEO of Silicon Valley Bank reportedly sold shares of stock, including on the day the bank collapsed, but he says the action does not appear to have been done illegally.
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David Sacco, a practitioner in residence of finance, discusses how crypto and digital assets could be an alternative to government-controlled currencies, saying, though, they can also be a risky investment.
In the Media
David Sacco, a practitioner in residence of finance, says most banking accounts are safe for customers, as the FDIC insurance limits protect deposits.
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David Sacco, a practitioner in residence of finance, discusses the events that led to a run on Silicon Valley Bank.
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David Sacco, a practitioner in residence of finance, was quoted in an opinion piece written by Michael Graham, managing editor of insideSources.com, about how crypto actually works.
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David Sacco, a practitioner in residence of finance, says economically speaking that bank branches are expensive to operate and don't increase revenues in the age of technology, where most banking is done online.
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David Sacco, a practitioner in residence of finance, discusses the CPI report and what this means to consumers regarding inflation and its impact on the markets.
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David Sacco, a practitioner in residence of finance, discusses an error in a file of coding that caused Zelle customers to lose money in their accounts. Still, he says, even after the repair, consumer confidence and trust damage may be irreparable.
In the Media
David Sacco, a practitioner in residence of finance, comments on raising the debt ceiling and why the consequences of not doing so could be catastrophic.
In the Media
David Sacco, a practitioner in residence of finance, talks about why lottery jackpots for are growing to billions more often.
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David Sacco, a practitioner in residence of finance, comments on if FordefiÐÓ°ÉÔ°æ™s association with FTX will make it difficult for the crypto company to gain future investors.
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David Sacco, a practitioner in residence of finance, comments on how employers have been increasing salaries over the minimum wage in an effort to retain workers.
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David Sacco, a practitioner in residence of finance, discusses the fraud investigation into FTX, the Federal Reserve raising interest rates again, and what happened with the stock market falling for the second straight week.
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David Sacco, a practitioner in residence of finance, comments on the need to improve regulations already in place for the crypto markets, not just add more.
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David Sacco, a practitioner in residence of finance, will take part in a virtual forum discussion on Wednesday, December 7, at 11 a.m. about the 2023 economic outlook for Connecticut and the U.S.
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David Sacco, a practitioner in residence of finance, discusses environment al, social, and corporate governance (ESG) and why investors, and his students, are looking at the principles it represents.
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David Sacco, a practitioner in residence of finance, explains why more regulation may not be the answer for the cryptocurrency industry.
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David Sacco, a practitioner in residence of finance, discusses the solvency of other cryptocurrency companies and their future after FTX losing billions for their investors.
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James Mohs, associate professor of accounting and taxation, and David Sacco, a practitioner in residence of finance, comment on layaways making a comeback for consumers who need time to purchase an item in installment payments over the holiday season.
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David Sacco, a practitioner in residence of finance, comments on crypto exchange company FTX and how regulators at the federal government did not understand this market to properly protect investors.
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David Sacco, a practitioner in residence of finance, discusses the beta site the Department of Education has set up for student loan forgiveness applications.
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David Sacco, a practitioner in resid ence of finance, discusses how the value of cryptocurrency has declined in the same way as traditional assets.
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David Sacco, a practitioner in residence of finance, says the specific details of the student loan forgiveness plan are to be determined, explaining, though, that he suspects lenders already have begun gearing up for clients to receive some student debt relief.
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David Sacco, a practitioner in residence of finance, says the savings for those who are eligible for the student loan forgiveness plan will not use the savings for stocks and cryptocurrency investments.
In the Media
David Sacco, a practitioner in residence of finance, discusses the student loan forgiveness plan and answers viewers' questions live.
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David Sacco, a practitioner in residence of finance, comments on Jet Blue, the industryÐÓ°ÉÔ°æ™s second largest airline, taking over low-cost carrier Spirit.
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David Sacco, a practitioner in residence of economics, and John Rosen, an adjunct professor of Finance, wrote an op-ed effort to slow the economy before a full-blown recession.
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David Sacco, practitioner in residence of finance, comments that accepting cryptocurrency as a donation may be seen as a form of publicity as once it is converted into cash, most will go to capital gains taxes.
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David Sacco, a practitioner in residence of finance, comments on the financial network Society for Worldwide Interbank Financial Telecommunication or Swift, and the repercussions of cutting off Russia from accessing its accounts entirely.
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David Sacco, a practitioner in residence for finance, comments on Invown, a company that allows small investors to fund real estate projects.
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David Sacco, a practitioner in residence of finance, discusses the economic impact on retail businesses that have been struggling since the pandemic started.
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David Sacco, a practitioner in residence of finance, says inflation may have an impact on foot traffic at the casinos, but he predicts online gambling will continue with business as usual.
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David Sacco, a practitioner in residence for finance, talks about cryptocurrency losses in the stock market that may cause the Fed to increase interest rates soon.
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David Sacco, a practitioner in residence of finance, comments on when cryptocurrencies will be accepted in business transactions.
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David Sacco, a practitioner in residence of finance, says as cryptocurrency is increasingly tied to new and evolving technology, the crypto market will continue to get stronger.
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David Sacco, a practitioner in residence of finance, discusses programs such as Universal Basic Income and Cash Transfer programs for people receiving government assistance.
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David Sacco, practitioner in residence, talks about the claim that Elon Musk could have given every American family $100,000 and paid off all student debt, but are the claims true?
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David Sacco, a practitioner in residence of finance, says rising interest rates could slow the economy. There is the possibility of a recession, though, if it costs jobs.
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David Sacco, a practitioner in residence of finance, talks about rising interest rates, the impact sanctions against Russia are having on bitcoin prices, and cryptocurrency markets.
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David Sacco, a practitioner in residence of finance, says as the economy may be heading into a recession, it may be prudent to think twice before taking out a mortgage.
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David Sacco, a practitioner in residence, says it does not help the price of gas in the long term to release oil from the strategic reserves.
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David Sacco, a practitioner in residence of finance, says you may need to think twice about purchasing a home if the economy is heading into a recession.
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David Sacco, a practitioner in residence of finance, talks about the stock market's volatility, urging individuals to be prepared for long-term impact on oil prices.
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Vahid Behzadan, assistant professor of cybersecurity, computer and electrical engineering; Declan Hill, associate professor of investigations; Olena Lennon, an adjunct professor of political science and international affairs; David Sacco, a practitioner in residence of finance; and Howard Stoffer, professor of national security and international affairs, took part in a panel discussion on the war in Ukraine and itÐÓ°ÉÔ°æ™s impact. The special program was part of collaboration with WFSB, with the show airing on WFSB+ and WFSBÐÓ°ÉÔ°æ™s Facebook page.
In the Media
Vahid Behzadan, assistant professor of cybersecurity, computer and electrical engineering; Declan Hill, associate professor of investigations; Olena Lennon, an adjunct professor of political science and international affairs; David Sacco, a practitioner in residence of finance; and Howard Stoffer, professor of national security and international affairs, took part in a panel discussion on the war in Ukraine and its impact. The special program was part of collaboration with WFSB, with the show airing on WFSB+ and WFSBÐÓ°ÉÔ°æ™s Facebook page.
In the Media
David Sacco, a practitioner in residence of finance, discusses the situation with purchasing oil from Russia and the economic impact of the rising price of crude.
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David Sacco, a practitioner in residence of finance, said that shutting down the Keystone pipeline a year ago strengthened Russia's economy.
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David Sacco, a practitioner in residence of economics, talks about the fluctuation of the markets and the impact on the U.S. economy as the Russian forces continue to push into Ukraine.
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David Sacco, a practitioner in residence of finance, explains why inflation is hitting farmers particularly hard.
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David Sacco, a practitioner in residence of finance, says the ads at the Super Bowl will broaden the reach for those who may want to invest in cryptocurrencies.
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David Sacco, a practitioner in residence of finance, says cryptocurrencies are more like digital gold rather than actual currency.
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David Sacco, a practitioner in residence of finance, comments on how some companies could pivot their business quickly, but are experiencing difficulty maintaining that edge as the pandemic continues.
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David Sacco, a practitioner in residence of finance, says inflation and an increase in interest rates will likely impact the midterm elections.
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David Sacco, a practitioner in residence of finance, says that using crypto as currency for monetary transactions is a long way from widespread use due to its volatility in value.
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David Sacco, a practitioner in residence of finance, comments that the scarcity of financial literacy instruction represents a hole in todayÐÓ°ÉÔ°æ™s educational system.
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David Sacco, a practitioner in residence of finance, comments on the banning unvaccinated truckers from the U.S. or Canada, a first time mandate.
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David Sacco, a practitioner in residence of finance, says the pandemic has caused a roller coaster effect for the used car market.
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David Sacco, a practitioner in residence of finance, comments on the Housing Price Index for Connecticut, which has jumped to one of the highest in the nation.
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Leah Hartman, distinguished lecturer and coordinator of finance; and David Sacco, a practitioner in residence of finance, as well as Negin Eskandari ÐÓ°ÉÔ°æ™22 MBA, Sharath Raj Rudresh ÐÓ°ÉÔ°æ™23 M.S., and Lu (Penny) Pang ÐÓ°ÉÔ°æ™23 MBA, graduate candidates in the Pompea College of Business, talk about the benefits of participating in STEM-designated programs.
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David Sacco, a practitioner in residence of finance, talks about the impact on the economy from another COVID variant.
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David Sacco, a practitioner in residence of finance, says the supply chain shortages are something the country has been managing since the start of the pandemic.
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David Sacco, practitioner in residence of finance, says the ÐÓ°ÉÔ°æ˜billionaire taxÐÓ°ÉÔ°æ™ could do more harm than good for long-term technology investment.
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David Sacco, a practitioner in residence of finance, says people will update the asset technology to surmount quantum computing challenges.
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David Sacco, a practitioner in residence of finance, says the Fed chairman won reappointment as his leadership during the pandemic was neutral to both Democratic and Republican parties.
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David Sacco, a practitioner in residence of finance, says that every link in the supply chain needs to increase its capacity.
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David Sacco, a practitioner in residence of finance, comments on the grey area that legislation defines liquid assets for billionaires.
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David Sacco, practitioner in residence of finance, predicts that Bitcoin will drop again from this all-time high soon.
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David Sacco, practitioner in residence of finance, comments on the financial audit for a West Haven state official accused of using federal COVID grants for personal expenditures.
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David Sacco, practitioner in residence of finance, comments on where bitcoin may be trending in the short term.
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David Sacco, practitioner in residence of finance, talks about supply chain issues as the holiday season approaches.
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David Sacco, practitioner in residence of finance, comments on what "meme" stocks are and who is buying them.
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David Sacco, practitioner in residence of finance, discusses the Pandora Papers, which were released revealing a list of secret financial dealings of very wealthy people.
In the Media
David Sacco, practitioner in residence of finance, discusses the Pandora Papers, which were released revealing a list of secret financial dealings of very wealthy people.
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David Sacco, practitioner in residence of finance, comments on the cryptocurrencies mined on the cryptocurrency exchange.
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David Sacco, practitioner in residence of finance, comments on the security of a hardware wallet for cryptocurrency.
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David Sacco, a practitioner in residence of finance, comments on the volatility of bitcoin in a short-term investment portfolio.
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David Sacco, practitioner on residence of finance, comments on commercial lending practices and equity lending investors.
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David Sacco, practitioner in residence of finance, comments on businesses that are accepting bitcoin as currency.
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David Sacco, practitioner in residence of finance, comments on companies using Bitcoin for publicity, not currency.
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David Sacco, practitioner in residence of finance, comments on the investment in such a dangerous business.
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David Sacco, practitioner in residence of finance, comments on how the government will try to tax cryptocurrency assets.
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David Sacco, practitioner in residence of finance, took part in a discussion panel on the role of cryptocurrencies and the future of digital currency.
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David Sacco, practitioner in residence of finance, comments on the merger of PeopleÐÓ°ÉÔ°æ™s Bank and M&T and the impact on the city of Bridgeport.
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David Sacco, practitioner in residence of finance, comments on the disciplined approach for investors in the speculative asset of cryptocurrency.
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David Sacco, practitioner in residence of finance, comments that the latest plunge may be from regulatory fears.
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David Sacco, practitioner in residence of finance, talks about how parents can help teach their children about how to manage a credit card.
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David Sacco, practitioner in residence of finance, comments on the use of a credit card for businesses.
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David Sacco, practitioner in residence of finance, discusses why Dogecoin is on the downswing from Bitcoin compared with other cryptocurrency.
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David Sacco, practitioner in residence of finance, talks about the regulations governments are proposing to regulate the currency.
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David Sacco, practitioner in residence of finance, talks about travelers facing price spikes as demand surges.
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David Sacco, practitioner in residence of finance, comments on the recent drop in value of Bitcoin.
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David Sacco, practitioner in residence for finance, comments on what cryptocurrency is and how it is made.
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David Sacco, practitioner in residence of finance, talks about how companies have changed their business model and whether it is cyclical or structural in nature.
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David Sacco, practitioner in residence of finance, talks about price spikes and inflation as consumer demand comes back.
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David Sacco, practitioner in residence of finance, comments that implementing additional regulations on cryptocurrency may drive up demand and prices.
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David Sacco, practitioner in residence for finance, comments on the G-7 countriesÐÓ°ÉÔ°æ™ ability to agree on a global tax, which he says is still a long way from implementation.
In the Media
David Sacco, practitioner in residence for finance, comments on cryptocurrencies and how companies will be using this type of currency in the future.
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David Sacco, practitioner in residence, comments on the projected value of Bitcoin in a year.
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David Sacco, practitioner on residence for finance, talks about digital currency and what will happen when federal governments step in.
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David Sacco, practitioner in residence for finance, comments that Bitcoin may reach the $1 million mark in years to come.
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David Sacco, practitioner in residence for finance, comments that the less stable a countryÐÓ°ÉÔ°æ™s currency is, the more likely that country will lean to cryptocurrency.
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David Sacco, practitioner in residence for finance, comments on a globalized economy that will make Bitcoin even more appealing to businesses.
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David Sacco, practitioner in residence for finance, comments on car insurance options for high school and college students.
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David Sacco, practitioner in residence for finance, comments on features that can help reduce care insurance rates.
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David Sacco, practitioner in residence for finance, comments on the benefits of NFTÐÓ°ÉÔ°æ™s and blockchain technology.
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David Sacco, practitioner in residence for finance, and Brian Marks, senior lecturer and executive director of the Entrepreneurship and Innovation Program, comment that the market debut further promotes cryptocurrency into the mainstream.
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David Sacco, practitioner in residence for finance, comments on cryptocurrency, blockchain and NFTÐÓ°ÉÔ°æ™s becoming more mainstream.
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David Sacco, practitioner in residence for finance, comments on why the current CEO was removed by the board of directors.
In the Media
David Sacco, practitioner in residence, comments on how cryptocurrency is becoming part of the mainstream and may mean more regulations.
In the Media
David Sacco, practitioner in residence in finance, talks about what cryptocurrency is and how it is used.
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David Sacco, practitioner in residence for finance, comments on NFTÐÓ°ÉÔ°æ™s and why they are so valuable.
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David Sacco, practitioner in residence for finance, comments on local businesses using Bitcoin as currency.
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David Sacco, practitioner in residence for finance, talks about how the stimulus will help boost the economy and help those who are still without a job.
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David Sacco, practitioner in residence for finance, talks about the active real estate market led to boosting other home improvement businesses.
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David Sacco, practitioner in residence in finance, comments on taking a disciplined approach for buying and selling this type of stock.
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David Sacco, practitioner in residence in finance, talks about Bitcoin boom and why this is such a risky asset investment.
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David Sacco, practitioner in residence, comments on more companies following TeslaÐÓ°ÉÔ°æ™s lead.
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David Sacco, practitioner in residence in finance, comments that companies are trying to take advantage of the recent GameStop frenzy.
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David Sacco, practitioner in residence in finance, comments on investments in cryptocurrency.
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David Sacco, PIR in Finance, comments that a disciplined approach is helpful to your portfolio for a speculative asset like bitcoin.