bd_at_rivenhill

27 ms·

1. 241.▲
   by bd_at_rivenhill 17y ago

   They shouldn't keep the money, they should return the excess back to the taxpayers or they should convert it into on-balance-sheet debt to reflect the fact that an IOU to yourself does not really represent an asset. Treasury debt is certain
2. 242.▲
   by bd_at_rivenhill 17y ago

   I haven't looked much at medicare from an accounting perspective, but Social Security is a textbook case of the sort of off-balance-sheet entity that blew up Enron earlier in the decade and some of the banks more recently. SS currently tak
3. 243.▲
   by bd_at_rivenhill 17y ago

   If those banks weren't absurdly leveraged, the housing bubble would have just been another recession. And now we've gone from a situation where the banks were absurdly leveraged to a situation where the government is absurdly leveraged, m
4. 244.▲
   by bd_at_rivenhill 17y ago

   I'd personally prefer to have a new cornea rather than Lasik, but I hear that recovery periods for this type of procedure are fairly long. Hopefully that will improve.
5. 245.▲
   by bd_at_rivenhill 17y ago

   Most exchanges have their own API for direct access. Although there is some standardization around the FIX protocol, the fastest access is still usually through the direct API, so while you may have a single backend system that processes i
6. 246.▲
   by bd_at_rivenhill 17y ago

   I work in this area, and the market risk you allude to here is not the one that scares me. The scary one is what I like to call algorithm or system risk. The 2003 Corinthian Colleges incident mentioned on page 3 of the article is a good e
7. 247.▲
   by bd_at_rivenhill 17y ago

   I'm in the business as well, and the thing that I really appreciate about it after reading HN for a few years is this: no customers. You don't have to worry about sales and marketing if you're in a prop shop that trades its own capital, yo