HPMOR

45 ms·

151.
by HPMOR 4y ago
"in which Microsoft is implanting machine intelligence" I thought it was extremely adept change of referring to it as machine intelligence instead of artificial. There's nothing artificial about this intelligence, merely diff
152.
by HPMOR 4y ago
Credit Suisse should definitely be bankrupt. Every major banking scandal over the last decade has happened there. Absolutely zero internal controls and zero risk management, it's absurd they've lasted this long.
153.
by HPMOR 4y ago
As somebody employed by a company which kept all their assets in SVB, I strongly support the FDIC bailout. Even a couple percent haircut would've resulted in many many second order economic implications. I think even for member banks,
154.
by HPMOR 4y ago
Bro what???!!?? GPT-4 is already being used as a personalized tutor on Kahn Academy. It’s personally helped me understand difficult Algorithms and CV applications in my undergrad classes. GPT-4 is about to revolutionize the world.
155.
by HPMOR 4y ago
The "titans" you speak of are Jerome Powell, and Janet Yellen. Not the schmucks that put Taxis on the internet, or effectively stole billions of dollars from SoftBank to build a rental company. These types of extremely competent p
156.
by HPMOR 4y ago
Hi Chris, I’m an investor in Carrier Global the largest manufacturer of HVAC equipment. Curious on how you see your product differentiating yourself from their heat pumps, I.e superior specs? Also, I believe Carrier sells residential heat p
157.
by HPMOR 4y ago
You're right, "sent a strong signal" is deliberately ambiguous, in the sense that there has not been a declared policy shift of the FDIC to protect uninsured deposits. However, given that SVB and Signature were not previously
158.
by HPMOR 4y ago
Precisely. First Republic is an extremely weak financial position. Given the aggressive nature of the FDIC, in seizing Signature, I would be very surprised if they aren't forced to take action here. The stock should be worth zero, and
159.
by HPMOR 4y ago
You're correct, in that it was not immediately clear whether SVB warranted the systemic risk declaration. However, it should appear clear that fear is very contagious and it has never been easier to move tens of billions of dollars of
160.
by HPMOR 4y ago
It is not urgent. All depositors assets, uninsured & insured, are being backstopped by the Treasury. No need to worry if your assets are being held by the FDIC receivership. Now, if your assets are at First Republic, there might be some
161.
by HPMOR 4y ago
First Republic is technically insolvent, similarly to SVB. The Bank Term Fund Program (BTFP), provides liquidity at the par value of underwater T-Bonds and Mortgage Backed Securities. This liquidity would allow First Republic to cover any i
162.
by HPMOR 4y ago
It shouldn’t be. These banks are not sitting on toxic assets the same way large financial institutions were in 2008. The existing programs and powers of the Federal Reserve and Treasury should be more than sufficient to eliminate a widespre
163.
by HPMOR 4y ago
The Bank Term Fund Program (BTFP) allows banks to pledge their underwater MBS as collateral to borrow at par value from the Federal Reserve. This lending facility is a stop gap measure and still requires repayment from the banks if they uti
164.
by HPMOR 4y ago
People are arguing whether SVB depositors should’ve been permitted to take a haircut. This not a discussion. Had depositors lost a SINGLE penny, there would be a very widespread run on bank deposits as people try to get below the $250k figu
165.
by HPMOR 4y ago
There is a large gap in First Republics loan book and deposits. They have effectively subsumed all their equity on their balance sheet, if they are forced to mark their assets at market value. The same situation that happened to SVB is true
166.
by HPMOR 4y ago
No, they don’t know about the risks and they’re shouldn’t be any to the depositors. Banks are highly regulated institutions and the creation of the FDIC was intended to prevent a systemic bank run, with people shoving cash into their mattre
167.
by HPMOR 4y ago
The discourse on this thread and Twitter is astoundingly inept. If the FDIC had permitted uninsured depositors to not be made whole, there would’ve been a systemic risk to American banking. Confidence in the banking system is critical to i
168.
by HPMOR 4y ago
Good, they would’ve gone under otherwise. The Treasury et al. took the clearly responsible step of approving a systemic risk exception for SVB and Signature. This was truly existential crisis of confidence in the US banking system. A depres
169.
by HPMOR 4y ago
I wrote my Cornell essay on it… guess where I am now!
170.
by HPMOR 4y ago
You saw other healthy young thin people, in the ward, because the people that had strokes that didn’t fit that demographic went to the morgue. Survivorship bias, not to say that OC is right, just pointing it out.
171.
by HPMOR 4y ago
The throughput of the TSA is around 2 million people per day. https://www.tsa.gov/travel/passenger-volumes
172.
by HPMOR 4y ago
With a 50% mortality rate, this is quite self correcting. People who refuse to be lockdown will die.
173.
by HPMOR 4y ago
I’d be curious if the inverse is also possible, social interactions triggering the release of leceptin. Perhaps social interaction could cause feelings of satiety too?
174.
ChatGPT as an Instrumental Study Source?
1 points by HPMOR 4y ago|1 comments
175.
by HPMOR 4y ago
The number of people that died last year on commercial domestic airlines, in the USA, was zero last year. The number that died from elevator or escalators 30. This always calms me.
176.
by HPMOR 4y ago
Can’t wait for this to happen in reality!
177.
by HPMOR 4y ago
No, bad for the environment. Maybe some Tesla Tofu though.
178.
by HPMOR 4y ago
I'm not familiar with what you are referring to, however I would argue that attempted assassination <> losing custodial funds.
179.
by HPMOR 4y ago
I am of the mindset that non-violent offenders, should not suffer a life penalty regardless of their alleged crime. They played a game and lost, they should not lose their head as well.
180.
by HPMOR 4y ago
He should not go to prison for life. Nobody should ever go to prison for life, for wasting money. Money is literally made up. Sure, opportunity cost is real, but seriously nobody should ever lose their life for money.

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