landemva

39 ms·

511.
by landemva 4y ago
The federal reserve does not print money, the Treasury does. Supposedly the debt ceiling prevents runaway spending. That already doesn't work because money is loaned into existence in ever-increasing amounts.
512.
by landemva 4y ago
Right. The depositors want paid in dollars not (underwater) fractionalized long duration bonds. Bank regulators allow mark-to-maturity accounting, and we just saw government and federal reserve backstop all deposits to cover up their regula
513.
by landemva 4y ago
SVB's risk officer had a masters degree in public administration. That hire was there to fill the org chart while the bosses continued to cash out options and take home their pay. Keep the paydays going.
514.
by landemva 4y ago
Th feds already have that in the payroll tax withholding. Investigators could start there for data analysis then make visits to employers.
515.
by landemva 4y ago
Why bother when they have political muscle and financial size such that everyone is forced to pay for their now-unlimited FDIC limits?
516.
by landemva 4y ago
Small customers get BTC from an exchange, which keeps their accounting internally. No transaction volume limits. Later the small customer may move that BTC to self-custody, which could be an on-chain transaction or LN or other side chain wi
517.
by landemva 4y ago
> now everyone will be scrutinizing every bank very heavily Now no depositors should care to scrutinize anything because the Fed put is back in action. Chase the highest yield because the Fed is backstopping bank losses again.
518.
by landemva 4y ago
Mark Cuban says he has $8-10M at SVB via his funded startups. Rich guy bailout to be paid by increased FDIC fees and reduced Fed 'earnings' paid to USA. Everyone is forced to pay so billionaire Mark Cuban gets his millions.
519.
by landemva 4y ago
>Execs ... are wiped Let's see SVB's board of directors and C-level have all their pay and stock option sales clawed back for the past couple years. Somebody is responsible for having signed the monthly reports to the regulator
520.
by landemva 4y ago
Many CUs participate in 'shared branches' which allow the member to walk in to other CUs and bank with their home CU. Maybe there is a participating CU near you. This lookup tool indicates there are even international locations.
521.
by landemva 4y ago
Most of that bank 2fa uses telephone SMS, which is a bad joke.
522.
by landemva 4y ago
FTX functioned more like a self-flushing toilet.
523.
by landemva 4y ago
> the whole purpose of the fed is to ensure that we don't have a systemic, cascading bank failure I thought they set (or manipulate) the price of money via interest rates. And they help provide liquidity to primary dealers of US Tre
524.
by landemva 4y ago
Hey sorry, I read it and thought that was a typo. For your explained meaning, it is in depositor's individual interest to remove their money. Get cash or t-bills. Also get a credit union account where they work for the members.
525.
by landemva 4y ago
> On paper, they have enough in assets Maybe with 'mark to maturity' accounting which banks can use in some circumstances. But T-bonds aren't cash in hand. There is a loss to be realized when selling before maturity. This
526.
by landemva 4y ago
> it's in everyone's interest that people keep their money in a bank I never heard that before. The rich keep their money in investments.
527.
by landemva 4y ago
The ranches and farms would not disappear but would become owned by stronger managers. Yes, let them go bankrupt.
528.
by landemva 4y ago
> The money still exists No, part of it disappeared when the long-term bonds were sold for a loss. That money hole is why SVB was closed today.
529.
by landemva 4y ago
> if it takes the FDIC more than a few months to sort it out Why do you think it may take months for FDIC to do their job? I think FDIC will pay the 250k on every account before Monday morning. Anything beyond 250k is not covered by &#x2
530.
by landemva 4y ago
I am not familiar with that service. If you work W-2, the payroll processor for your company likely gives your payroll details to theworknumber. This is ridiculous.
531.
by landemva 4y ago
To your point on family ties, potential DNA matching between relatives will not be avoidable. I wonder if there could be a constitutional amendment to protect us.
532.
by landemva 4y ago
> Data should not be collected on individuals and sold. Am wondering the size of the privacy market. How much extra are you willing to pay each year to have your top-10 apps not collect and sell your data?
533.
by landemva 4y ago
You can choose to not give away your data by not using those services. Boycott those services or help build competing privacy-centric services.
534.
by landemva 4y ago
> anyone can do something about it How? Even a victim suit against department would likely be tossed out due to USSC 'qualified immunity'.
535.
by landemva 4y ago
> I take drugs to minimize my cancer risk. What is this about? I take laetrile via raw bitter apricot seeds, and generally avoid sugar and avoid many carbohydrates.
536.
by landemva 4y ago
737MAX has a design problem that attempted to use software to cover it up. Boeing stuffed in big fans which needed to be higher to not scrape the runway. The fans stick out forward from the wings, which can cause the plane to pitch up. Soft
537.
by landemva 4y ago
While hardware should cost less over time, cost of electricity and support people increased in last decade. Moore's Law can't outrun the money printers.
538.
by landemva 4y ago
> I've saved a small fortune compared to my old gas vehicle. Fuel taxes pay for the roads, so who is funding your fuel tax avoidance?
539.
by landemva 4y ago
Nice list. I wonder how the spend can be prioritized. Decades of foreign adventuring is costly and no longer exciting.
540.
by landemva 4y ago
Rivian has decent specs and looks nice, but lack of end-user maintenance shops concerns me. Warranties are worthless if the vendor goes bankrupt.

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