bagacrap

33 ms·

541.
by bagacrap 4y ago
Ehh, lots of people put money there they really can't lose, such as savings for a house down payment. Financial literacy is very rare. I would say that at least any Americans who lose money there "deserve" what's coming
542.
by bagacrap 4y ago
Parents usually try to instill a particular sense of morality in their children. Hopefully when AI grows up it will realize this was for its own benefit.
543.
by bagacrap 4y ago
Only if one leg is pushing the other leg
544.
by bagacrap 4y ago
TSLA is a stupid money loser?
545.
by bagacrap 4y ago
No? Overnight rate is 5% and last month/3 month inflation is running under 5% saar no matter which measure you use.
546.
by bagacrap 4y ago
SVB was a large bank fwiw A lot of their contracts with SVB involved exclusivity clauses apparently. I'm not sure what SVB gave them in return.
547.
by bagacrap 4y ago
So far it's worked out brilliantly for tech megacaps
548.
by bagacrap 4y ago
Other banks had less duration risk and some used hedges. No bank is going to profit from this particular environment but it's possible to manage assets such that the entire business doesn't implode.
549.
by bagacrap 4y ago
What's an individual supposed to do, pay for an audit of a bank's balance sheet? The bank had poor risk management, regulators were asleep at the wheel, depositors are blameless. Although I will say that a startup with millions in
550.
by bagacrap 4y ago
How does that domestic impact service sector wages
551.
by bagacrap 4y ago
If no one can afford even a down payment it's because supply is too low. It's not like there are tons of empty houses that mortgages are preventing buyers from acquiring. Also first time home buyers qualify for very low down payme
552.
by bagacrap 4y ago
It's not stated whether the roles are engineering ones or PMs.
553.
by bagacrap 4y ago
Nobody asked the board. They pushed through a legislative change overnight.
554.
by bagacrap 4y ago
Last time I checked, the govt taxed basically all economic transactions, so the govt does get paid when things go right. Meanwhile if CS blows up and the country enters a recession, tax dollars will be lost. Intervening may be cheaper than
555.
by bagacrap 4y ago
In Chrome the wording is "cookies and other site data".
556.
by bagacrap 4y ago
They don't have to and have not been paying higher interest rates on deposits. One concern is that depositors will realize they can get better returns on money market funds and withdraw from banks en masse.
557.
by bagacrap 4y ago
I don't think it was obvious that rates had to go up /faster than they had ever increased in history/. And what were banks supposed to do? They make money by taking deposits and owning debt. Are they supposed to just shut dow
558.
by bagacrap 4y ago
So could Facebook scrape a title and thumbnail from a link but not actually linkify the post? Great way to ensure no one rtfa
559.
by bagacrap 4y ago
Interactions with other groups = PMs I'm thinking
560.
by bagacrap 4y ago
they don't lose anything if they're not forced to liquidate those bonds but can hold them to maturity. It seems like the real problem here is a lack of diversity in liabilities (all tech/biotech startups).
561.
by bagacrap 4y ago
And what is the cost of the bailout, oh sage? > As of December 31, 2022, Silicon Valley Bank had approximately $209.0 billion in total assets and about $175.4 billion in total deposits I have a hard time believing they lost 20% of their
562.
by bagacrap 4y ago
Only 3% of accounts were under 250k. An account of $251k isn't part of the 3% figure, but is almost totally insured.
563.
by bagacrap 4y ago
This sounds like grounds for dismissal...
564.
by bagacrap 4y ago
CNBC is not a reliable source for anything except fear mongering
565.
by bagacrap 4y ago
Christmas Shrub then?
566.
by bagacrap 4y ago
What happens when there's no liquidity event or insufficient to cover the loan? What is the "share of the upside" in terms of percentange?
567.
by bagacrap 4y ago
What does the IRS use as market value?
568.
by bagacrap 4y ago
Congrats, you've just invented yahoo!
569.
by bagacrap 4y ago
Were websites writing apology letters for you up till now?
570.
by bagacrap 4y ago
I find people hanging out in an obscure forum are good at having an opinion and less good at having an experience that matches my experience.

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