Zetice

59 ms·

931.
by Zetice 4y ago
"Their capital" is vastly different from "them", as it has been given out for others to use, so again no, they were not bailed out.
932.
by Zetice 4y ago
Literally none of the investors in SVB were bailed out, as you cannot bail out a failed bank.
933.
by Zetice 4y ago
Maybe I'm a callous bastard, but I genuinely don't get how he feels personally responsible here. It's a YouTube problem, not a M:tG problem or a him problem. He sounds genuinely distressed, and I feel for him, but I don&#x27
934.
by Zetice 4y ago
Does Gusto/Workday make pulling from multiple banks transparent? Seems like a value add for them to add in a way to seamlessly pull evenly from multiple accounts, and doesn't immediately strike me as overly difficult from a techn
935.
by Zetice 4y ago
No. Let me be abundantly clear; quiet quitting is a blessing to employers, by about a mile and a half. It's what they've always wanted employees to do, but now the employees think they're "sticking it to the man&quot
936.
by Zetice 4y ago
But it does mean that greed doesn't explain everything, which is my point.
937.
by Zetice 4y ago
I still don't get why not 30 yr notes, though, if this really was just greed.
938.
by Zetice 4y ago
Isn't this exactly what Hanlon's Razor was invented for?
939.
by Zetice 4y ago
I honestly have no clue how to even research alternatives to the 10 year T note as an investment vehicle for SVB, but plenty of gigantic funds seem to be able to do all kinds of riskier investing so it doesn't seem like a fair question
940.
by Zetice 4y ago
My understanding was they they were 10 year T notes @ ~1%, which is kind of where I get lost. There are way better ways to "yield chase" than this, why are we presuming greed here when it seems just as likely to be incompetence?
941.
by Zetice 4y ago
Sure, but the thing they bought also had almost no yield, so that's what I'm not understanding. Why is shitty 1% 10 year T notes "yield chasing"? Those sound absurdly secure, and apparently have lots of mechanisms by
942.
by Zetice 4y ago
But that's not what SVB did at all; based on what I've read, their investments were not "yield chasing" but literally the only thing they could think of to do with the massive amount of money getting dumped in their lap.
943.
by Zetice 4y ago
This is the part no one is explaining to me; what's the advantage of doing this over doing the right thing? So far it really looks like gross negligence rather than avarice.
944.
by Zetice 4y ago
And again, we as a society do not find destitution/poverty to be an acceptable outcome for the "crime" of simply banking. You seem to not understand who would be effected by this the most. It's not the people with vacat
945.
by Zetice 4y ago
I'm sorry but if this "revolution" was designed to change behavior, it was an abject failure. "Quiet quitting" was concocted in a board room to get people to do their jobs and stop complaining. If you're an em
946.
by Zetice 4y ago
It's not true that "no one can survive a bank run", though, and that's why SVB is at fault here, and not just a victim of circumstance.
947.
by Zetice 4y ago
The answer to your question is pretty simple, actually; the "we" would would let SVB depositors fail are also the same "we" that compose the voters and participants in the US economy who would be harmed by letting SVB de
948.
by Zetice 4y ago
I'm arguing nothing, and am trying to better understand why people are continually claiming it was their "greed" that caused this failure, and not their incompetence. They didn't seemingly pursue a strategy that would ha
949.
by Zetice 4y ago
We distinguish intent all the time for various legal reasons, and if something done for the right reasons goes wrong, the empathy is certainly more readily available. I have yet to see any real reason to suggest this was anything other than
950.
by Zetice 4y ago
Did SVB use those relaxed restrictions though? Seems like they could have done their treasury note purchase with or without those changes.
951.
by Zetice 4y ago
That’s an insane argument to make while using the tech that came from SV to make it. “Sustainable” businesses are not how American economy differentiates itself in the world, what you’re asking for is to crush the way of life yourself used
952.
by Zetice 4y ago
Right, so where are the “gains”? Where is the greed? It doesn’t seem like there is an unreasonable upside here, just a misunderstanding/mistake in handling the assets.
953.
by Zetice 4y ago
That’s not what I commented about, your lack of empathy towards other human beings is callous. Don’t fall for that trap.
954.
by Zetice 4y ago
Okay but there are addicts out there, they have families, and your glib reply was offensive to those people, to me.
955.
by Zetice 4y ago
Dismissing people’s pain and sadness is a pretty cynical thing to do…
956.
by Zetice 4y ago
> preventi g addicts from getting it (who cares?) I presume the families and loved ones of the addicts probably care...
957.
by Zetice 4y ago
I'm asking specifically what are the "profits" were/are still to be on the investment they made here? How are "government bonds" risky? How are they "bad" in any general sense? Just doesn't see
958.
by Zetice 4y ago
Right but it sounds like their investment didn't "go sour"; this isn't then an example of "greedy bankers", more like "lazy bankers" or possibly even "unforeseeable circumstances".
959.
by Zetice 4y ago
Okay so now I'm very confused; what was the expected "profit" here, on this investment?
960.
by Zetice 4y ago
But that's the question I'm asking; what specific investment did they make that went "sour"? I can't find one when I look, that's not what I'm reading happened at all but I'm open to the idea that

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