Aperocky

37 ms·

781.
by Aperocky 4y ago
To a degree yes, you're absolutely correct. That social model also brings great depression as a feature, and we decided to moved away from it because great depression bad.
782.
by Aperocky 4y ago
So what should it be called? There's got to be a name for it where the mark to market asset values are below that of liabilities right?
783.
by Aperocky 4y ago
They would be perfectly safe have they dumped their deposits into T-Bills. They didn't went for the 1000%, they went for the 5-10% extra and ended up losing everything. Had they used T-Bills or even straight up depositing it against th
784.
by Aperocky 4y ago
An insolvent bank would eventually end up illiquid. But an illiquid bank is not necessarily insolvent. In this case, the bank is both illiquid and insolvent. In which case we should not blame the illiquid event because it is eventual as t
785.
by Aperocky 4y ago
Could've probably sold their low interest HTM for a far smaller hit but wound up holding the bag while feds absolutely spiked the rate. The previous CRO probably saw the writing on the wall, I wonder if she* got shut down and decided t
786.
by Aperocky 4y ago
> And they did collect pennies in front of a train. Bought 10yr treasuries at historical lows. > worst case 100% loss, best case 1000% See I don't understand how you can have 1000% return by buying treasuries, at any time. It was
787.
by Aperocky 4y ago
The bank is insolvent, the assets are presently valued below deposits. This will happen eventually in that situation, to blame the catalyst is being disingenuous. The catalyst could've been anyone , and even in the current case it mig
788.
by Aperocky 4y ago
> What about the stock sales they made right before the FDIC took over Is there a more clear cut case of insider trading? SEC should already been working on that now. Anyhow, you're arguing that they SHOULD end up with nothing, that
789.
by Aperocky 4y ago
Insider trading laws should cover that, I expect jail.
790.
by Aperocky 4y ago
The depositors didn't make the decision to turn deposits into low interest long term bonds, and hold it after interest rates have risen. They are at best a innocent party with slightly less awareness. If a drunk driver is doing 120 mph
791.
by Aperocky 4y ago
The subject is wrong though, SVB isn't getting bailed out, their depositors are. At the end of the day, SVB as a bank would be no more/the ownership would be washed. The depositor didn't do anything wrong, they had the full r
792.
by Aperocky 4y ago
The banks are still gone though, once they get taken over, their equity zeroes out. All owners of the bank will end up with nothing, I think that's a good enough deterrence against bad things.
793.
by Aperocky 4y ago
Add USACE for our public docks.
794.
by Aperocky 4y ago
It's a self fulfilling advice. Though granted, SVB is a ticking time bomb since all of their deposit went to low yield long term securities. So such a run would have been an eventuality in the current interest rate. The question is, wh
795.
by Aperocky 4y ago
Simple vs Complex should always be evaluated holistically. Each file could be simple but if they are in 5 level of inheritance, then it's not simple as a whole. Same with 10 different way to do the same thing or 3 different class that
796.
by Aperocky 4y ago
Simple > Complex. Every extra year I spend in engineering, it's becoming clear that this is actually one of the only few things that mattered in the long run. I would say this is one of the best if not the best advice in programming
797.
by Aperocky 4y ago
The Terra/Luna system would work very well when Luna's cap >> Terra. The SVB system would work very well if the interest rates stay low, when they could liquidate their 10 year bonds for same value (and their start up would
798.
by Aperocky 4y ago
So a slow version of Terra Luna. Resilient system design doesn't just apply to engineers.
799.
by Aperocky 4y ago
Built a terminal browser of HN based of HN API https://github.com/HackerNews/API and replbuilder: https://github.com/Aperocky/replbuilder Currently only supports read operations, but planning to a
800.
Show HN: Hnterminal, Browse HN in Terminal(github.com)
3 points by Aperocky 4y ago|2 comments
801.
by Aperocky 4y ago
A career in KSP is calling for you (Landing on the mun automatically): https://www.youtube.com/watch?v=TY63i8V1-DA The most I've used linear algebra since college: https://github.com/Aperocky/ksp_e
802.
by Aperocky 4y ago
Wouldn't say I got a lot better by writing small and medium sized personal hobby project, but it most definitely did get me confidence. A cellular automata runner where you can define the rules and watch what happens: https:/&#x2
803.
by Aperocky 4y ago
Or maybe those countries are just realistic and didn't want to put people who already live paycheck to paycheck on a more desperate economic footing. There's no cake milord!
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Show HN: hnterminal, terminal browser for Hacker News(github.com)
1 points by Aperocky 4y ago|0 comments
805.
by Aperocky 4y ago
> In principle a home assistant should maintain a ring-buffer that listens for its "wake word" and then immediately discards any audio that doesn't match the trigger. Should this be easy to verify with network monitoring?
806.
by Aperocky 4y ago
> I would announce it is now a independent Country. I am disappointed to see HN devolve into armchair general territory. In this specific case, the constitution ruling over Taiwan is the Constitution of Republic of China adopted in 1946
807.
by Aperocky 4y ago
A certain percentage of engineers have to keep the lights on. It's usually around 10%-40%, depending on staffing levels and engineering quality. But there's one more gotcha, a company can't just keep 10% - 40% and expect the
808.
by Aperocky 4y ago
But are sovereign coins as accessible as gold? How much markup do they command?
809.
by Aperocky 4y ago
Do you drive without insurance or tags? Those are some major costs.
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by Aperocky 4y ago
The interviewer usually can only rise to the level of themselves, especially when assessing skills. System design is hard, necessary skills can only be earned, and then there are many avenue down to bad system design masquerading as good th

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