dyno12345

10 ms·

61.
by dyno12345 4y ago
the fed only loans money to banks with a term of like 12-72 hours
62.
by dyno12345 4y ago
the FDIC limit was a minimum . for decades the FDIC has covered the full amount in practice. if the current level of fees aren't enough to cover that, they will raise them. and that is exactly what is happening now.
63.
by dyno12345 4y ago
if they charge you a random fee and call it an FDIC fee then they are committing fraud
64.
by dyno12345 4y ago
but the speed is what matters. a bank can handle withdrawal outflows as long as it doesn't happen all at once like that.
65.
by dyno12345 4y ago
certain loud voices in the sphere have also revealed their complete ignorance of how the banking system works
66.
by dyno12345 4y ago
"Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law." https://www.fdic.gov/news/press-releases/2023/pr2301
67.
by dyno12345 4y ago
the FDIC only has jurisdiction over US retail banks, not everywhere dollars are held worldwide, of course the deficit left after auctioning off SVB's assets will be raised from other banks. the FDIC/treasury/Fed are not going
68.
by dyno12345 4y ago
it's proportional to account size
69.
by dyno12345 4y ago
maybe other fees they tack on, but not the FDIC fee. people seeing a bank fail will worry that their own bank could fail, which could lead them to withdraw en masse which will cause their own banks to fail, and so forth. this scenario is tr
70.
by dyno12345 4y ago
people seeing a bank fail will worry that their own bank could fail, which could lead them to withdraw en masse which will cause their own banks to fail, and so forth. this scenario is bad for everyone.
71.
by dyno12345 4y ago
banks have access to a lot of cash
72.
by dyno12345 4y ago
the fees are not voluntary and other banks have no reason to want their customers to see examples of people getting wiped out by bank failures
73.
by dyno12345 4y ago
the fees are proportional to the size of the account and benefit banks and customers by eliminating the possibility of losses due to bank failures
74.
by dyno12345 4y ago
the "gain" startups were getting was a deposit account that doesn't disappear over the weekend. these were not supposed to be high risk/reward investments.
75.
by dyno12345 4y ago
it's paid for by auctioning off SVB's assets and raising FDIC fees on other banks
76.
by dyno12345 4y ago
you don't know if gender is even a casually related factor if you don't collect data for both genders
77.
by dyno12345 4y ago
Andrey Markov would like a word
78.
by dyno12345 4y ago
here "wealthy" is a dig on the employee
79.
by dyno12345 4y ago
VRBO
80.
by dyno12345 4y ago
In the US there isn't the same concept of an employment contract as there is in most of Europe
81.
by dyno12345 4y ago
inflation is any time prices increase. there are multiple reasons why prices might increase.
82.
by dyno12345 4y ago
Obvoiusly one solution could be an internal passport system, where you would need to apply for a visa or residency permit in order to live somewhere.
83.
by dyno12345 4y ago
should you have to pay to not be impersonated? weird business model
84.
by dyno12345 4y ago
the value generated by having them on the platform is probably thousands of times greater than that, so it's weird that they're charging a token fee for the privilege
85.
by dyno12345 4y ago
I find that if I'm looking for a factual topic I just get heavily SEO'ed, heavily ad laden blogspam. The algorithm must be weighting dwell time because if you are looking for recipe for how to cook eggs you'll get articles wi
86.
by dyno12345 4y ago
this is a somewhat clickbaitified headline > That students instinctively employ high technology to avoid learning is "a sign that the educational system is failing." If it "has no appeal to students, doesn’t interest them,
87.
by dyno12345 4y ago
Not really, except for the U2 spy plan the US has no (known) aircraft that can fly anything close to that high
88.
by dyno12345 4y ago
are you sure? they're using the "latest insights from neuroscience"
89.
by dyno12345 4y ago
and by "best" we mean interspersed within 12 pages of heavily ad laden blogspam
90.
by dyno12345 4y ago
isn't the complaint that people are not willing or able to delineate who or what it's actually useful for? it seems like it could save some people a lot of time and disappointment.

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