Octokiddie

14 ms·

91.
by Octokiddie 4y ago
What would you do if BofA either temporarily halted withdrawals or imposed impractical limits on withdrawals? There are unfortunately many paths forward that don't involve outright bank failure.
92.
USDC Stablecoin and Crypto Market Go Haywire After Silicon Valley Bank Collapses(coindesk.com)
3 points by Octokiddie 4y ago|0 comments
93.
by Octokiddie 4y ago
It's possible we haven't seen the first shoe yet, and bank failures like this one are just the canaries dropping dead. To speculate about where that first shoe might be in this case and who's wearing it, it might help to cons
94.
by Octokiddie 4y ago
Maybe it's time to resurrect Fucked Company. https://en.wikipedia.org/wiki/Fucked_Company
95.
by Octokiddie 4y ago
This is the crux of the problem. SVB may have intended to hold to maturity, but the market forced it to sell to raise cash. You may hold 100K in treasuries today, but if your employer can't make payroll, you're gonna sell to pay
96.
Available for Sale? Understanding Bank Securities Portfolios (2015)(libertystreeteconomics.newyorkfed.org)
2 points by Octokiddie 4y ago|0 comments
97.
by Octokiddie 4y ago
The implication here is that many people who were expecting paychecks (from the companies Rippling serviced) won't get them. Perhaps some never will, especially if Rippling's deposits at SVB were over FDIC limits - which seems ver
98.
by Octokiddie 4y ago
Bear Stearns was the first shoe to drop. Intervening would have spooked the market. Later implosions were addressed because there was no alternative. Unless you experienced that time, it really hard to understand the pervasive denial of wha
99.
by Octokiddie 4y ago
> At the time of closing, the amount of deposits in excess of the insurance limits was undetermined. What are the insurance limits for companies? Same as individuals? I get the sense that most of SVB's deposits were from startups an
100.
Why this sudden meltdown in bank stocks?(twitter.com)
2 points by Octokiddie 4y ago|0 comments
101.
by Octokiddie 4y ago
More context from another article: > The big losses experienced by the bank are directly related to the surge in interest rates over the past year, as the company's US Treasury holdings were bought at a time when interest rates were
102.
Silicon Valley Bank parent shares plummet 47% after losses on bond portfolio(markets.businessinsider.com)
3 points by Octokiddie 4y ago|0 comments
103.
by Octokiddie 4y ago
I should have phrased it differently. The potentially large unrealized capital losses on UST sitting on bank balance sheets has been under-reported. Banks are both required to hold UST and not always required to mark-to-market. This interes
104.
Silvergate Bank’s balance sheet problem is a warning(axios.com)
3 points by Octokiddie 4y ago|0 comments
105.
by Octokiddie 4y ago
You might not, but many banks and other institutions have no choice.
106.
by Octokiddie 4y ago
Many financial institutions are required by law to hold UST, some of which have suffered declines comparable to TLT. This was in part a result of regulations post-GFC. I'm surprised there hasn't been more reporting about this. May
107.
by Octokiddie 4y ago
That TLT story is being severely under-reported.
108.
by Octokiddie 4y ago
> GitHub is wonderful now but fundamentally proprietary, same as Google Groups, and FOSS software forges like sourcehut are making great progress. It may be impossible to imagine now, but a similarly craptaculous outcome for GitHub shoul
109.
by Octokiddie 4y ago
Regarding the copy protection process itself, there's an interesting interview at one of the links: > The most common protection schemes were the ones that were productized and resold to hundreds of publishers. This was coordinated
110.
by Octokiddie 4y ago
I like how the author boils the idea down into a simple comparison between two alternative approaches to a simple task: getting the first element of a list. Two alternatives are presented: parseNonEmpty and validateNonEmpty. From the articl
111.
by Octokiddie 4y ago
The author uses a one-sentence writing style ubiquitous in "long-form" ad copy. You say one thing. Then another. And another. See how it hooks you? And makes you want to read further? Me neither. But apparently it "works&quot
112.
How the Ice Age Shaped New York (2018)(nytimes.com)
1 points by Octokiddie 4y ago|1 comments
113.
by Octokiddie 4y ago
You might start by talking with him about the peer pressure to own and carry one of these gadgets in the first place, and the kinds of expectations he automatically buys into by doing so.
114.
by Octokiddie 4y ago
> THE PROBLEMS A GENERATOR SOLVES One problem not listed is source code syntax highlighting. If you provide source code listings in articles, then highlighting is a big help to readers. Generating it in HTML is not fun.
115.
Pot-in-Pot Refrigerator(en.wikipedia.org)
3 points by Octokiddie 4y ago|0 comments
116.
by Octokiddie 4y ago
> The Cambodian Ministry of Health has swabbed 12 of her close contacts, and only her 49-year-old father has tested positive. H5N1 infections typically occur in people who have been in close contact with poultry, and so far, there is no
117.
by Octokiddie 4y ago
What's the simplest way to get this running on hardware without emulation, assuming that one has no RISC-V hardware at all?
118.
by Octokiddie 4y ago
> So by violating the first rule of clean code — which is one of its central tenants — we are able to drop from 35 cycles per shape to 24 cycles per shape, impling that code following that rule number is 1.5x slower than code that doesn’
119.
George Washington's Teeth(en.wikipedia.org)
1 points by Octokiddie 4y ago|0 comments
120.
by Octokiddie 4y ago
> The term "Anglish" was made up by Paul Jennings in 1966, however the desire to remove foreign influence from the English language is a tradition that goes back all the way to 1066 when the Norman invasion brought in the major

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