bandrami

24 ms·

691.
by bandrami 9mo ago
I didn't really expect people to lose the ability to Google this quickly: https://www.housingwire.com/articles/38536-failed-bank-ceo-g ... https://www.justice.gov/usao-md/pr/former-presi
692.
by bandrami 9mo ago
https://www.housingwire.com/articles/38536-failed-bank-ceo-g... https://www.justice.gov/usao-md/pr/former-president-and-ceo-... https://oig.federalreserve.gov/releases/ne
693.
by bandrami 9mo ago
Your Google skills may need some work because this is the first result for "bank CEO jailed by TARP": https://archives.fbi.gov/archives/atlanta/press-releases/201...
694.
by bandrami 9mo ago
I literally said "DOGE took it down" FFS it's like talking to goldfish whenever this particular topic comes up
695.
by bandrami 9mo ago
Where it went was bailing out the automakers. It was a big story at the time and I'm starting to worry people just don't form long-term memories anymore.
696.
by bandrami 9mo ago
There was an entire damn database put out by TARP of the hundreds of people they jailed before DOGE killed it. All you people who claim you care about this intently never even bothered to read it. Which is why I don't actually think pe
697.
by bandrami 9mo ago
I guess you could say that but the underlying problem was that the risk was entirely opaque so it couldn't actually be quantified and hedged against. The TARP loan ("shakedown" might be a better term honestly) gave financial
698.
by bandrami 9mo ago
Corporate bonds were simply not being bought, at any price. Same with commercial paper. Nobody knew what firms were going to still exist in a week so nobody was willing to lend any money at all.
699.
by bandrami 9mo ago
Literally dozens of CEOs went to jail, which is again why I think this may be the biggest ball-drop of the media this century (and there have been some pretty huge ones competing with it)
700.
by bandrami 9mo ago
The TARP inspector general used to have a database of everybody they jailed but unfortunately it got DOGEd. It wasn't anybody famous but kind of the whole point of doing illegal things is that you try not to be high-profile when you do
701.
by bandrami 9mo ago
> either the return wasn't commensurate to the risk It's because the markets were frozen up; I was actually alive then and you can't really gaslight me about this
702.
by bandrami 9mo ago
There are dozens of people still in jail, including C suite officers. Like I said the media just absolutely dropped the ball on this.
703.
by bandrami 9mo ago
I think most people think that TARP cost the government money (rather than the opposite) and that "only one banker went to jail" is still true (it hasn't been true since 2013). Which is honestly a pretty shocking indictment
704.
by bandrami 9mo ago
That was originally the point of Ruby
705.
by bandrami 9mo ago
> Anger about the 2008 bailout makes sense Does it? It cost the taxpayers nothing (in fact it made us money), it destroyed 4 of the 5 largest investment banks in the US, and it sent over 200 bankers, brokers, and auditors to jail. What p
706.
by bandrami 9mo ago
Some of us don't like sending all of our business processes to a remote vendor
707.
by bandrami 9mo ago
Griftception
708.
by bandrami 9mo ago
It's like PHP won out after all...
709.
by bandrami 9mo ago
It's reminiscent of a few years ago when people were talking about how NFTs could open your front door, turn on your car, sign a contract, or get you in to a concert, all of which are true, but there currently exist perfectly good ways
710.
by bandrami 9mo ago
They're in series A right now, so most likely yes they will fail like most new businesses do. Internal chat is a hugely competitive field with multiple large players (and Teams has had Copilot for a while now). So, I wish them the best
711.
by bandrami 9mo ago
No, those are the two main reasons management don't want to have internal systems belong to them
712.
by bandrami 9mo ago
No, they were all-in on Blockchain-as-a-service on Azure for a hot minute, and it's still included in their supply chain protection stack (which in fairness is one of the few use cases that makes a lot of sense)
713.
by bandrami 9mo ago
> How do you calculate the time spent on an internal tool like this, actually? In broad strokes there's two ways. You can count it as an operational expense, or you can count it as capital (this takes more work to do but can have so
714.
by bandrami 9mo ago
OK but, I've definitely read the assembly listings my C compiler produced when it wasn't working like I hoped. Even if that's not all that frequent it's something I expect I have to do from time to time and is definitely
715.
by bandrami 9mo ago
Already happening in the wild
716.
by bandrami 9mo ago
But also while the future may be AI (this is debateable), I live and work in the present.
717.
by bandrami 9mo ago
Were you around in 2008?
718.
by bandrami 9mo ago
Yes, I didn't really doubt the developer could do it, the problems are: 1. That's not a great use of the developer's time, and 2. anything in-house increases our training and support costs
719.
by bandrami 9mo ago
> an employee to spend 100% of their time maintaining the app at 10k per month If the cost to the company is $10K a month, the developer's topline salary is $60K, which is going to be a hard hire to make. And, again, if they can int
720.
by bandrami 9mo ago
As my manager said to a young me when I offered to replace our CMS, and promised I could do a good job at it, "you could probably assemble our office furniture too, but I don't want to pay you to do that either"

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