raincom

29 ms·

451.
by raincom 3y ago
Prosecutors, judges, law enforcement agents all belong to the same group: so, they collude in the name of co-operation; they are paid by the government. They are the enforcers of "state monopoly on violence". Usually, these folks
452.
by raincom 3y ago
Lessons learned from that post: (1) "I was told to hire a lot of people. Put fuel on the fire they said. Bring industry experts who can move the needle. All this BS you hear all day. All failed. I hired VPs and bloated my payroll. Ulti
453.
by raincom 3y ago
Wise and Revolut do not accept checks/cash. As a consequence, one has to have a local bank that accepts checks. Banks also flag accounts and close them later, when they find out that owners live abroad. So, one has to use some sophisti
454.
by raincom 3y ago
Have you heard of "defensive SAR filings" by financial institutions? That's what is happening here. Banks are overly defensive: they would rather err by implementing onerous policies than getting fined hundreds of millions of
455.
by raincom 3y ago
Almost all banks in the states are reluctant to deal with cash. That's why they are closing thousands of accounts every day in the name of de-risking. Many banks and credit unions just restrict how much money can you deposit per month.
456.
by raincom 3y ago
Toyota dealerships are adding $5k to $10k as "dealer's mark up fees". No wonder, buyers are switching to transparent buying. It is cheaper to buy a Tesla than a Toyota.
457.
by raincom 3y ago
Cell phone ping data from nearest towers can help solve problems. What if missing people reports are not filed? What if dead bodies are not found? There are many unsolved homicides even today, even though family and friends know who could b
458.
by raincom 3y ago
Good piece if you are interested in "History and Philosophy of Medicine."
459.
by raincom 3y ago
(a) Are risky drivers buying a certain kind of cars such as Nissan Altima and Chevy Malibu? (b) Is driving Nissan Altima and Chevy Malibu risky? Whenever someone says (1) A causes B, present such alternative hypotheses as (2) B causes A or
460.
by raincom 3y ago
Well, the law profession wouldn't exist if it weren't for loopholes.
461.
by raincom 3y ago
liquid cancers = blood and bone marrow cancers. Lymphomas are classified as solid.
462.
by raincom 3y ago
Banks hide behind their machine learning/AI algorithms to debank people and small businesses they don't like (reputational risk). Banks also use such tools to debank people and businesses in the name of derisking, because their to
463.
by raincom 3y ago
Not all Ivy leagues are on the same pedestal: H(Harvard), Y(Yale), P(Princeton) are seen as elite. Demographics just masquerade the real composition of students: kids of elite (billionaires and presidents of countries that matter to the nat
464.
by raincom 3y ago
'to provide predictive models of the observed data' is just one of many philosophies (or meta-conceptions) of science.
465.
by raincom 3y ago
Etsy can pay 5% interest rate when they hold funds. As simple as that, which these companies don't want to do. Companies and banks use the same nonsensical reason every time: 'whatever investigation they're doing, they don&#x
466.
by raincom 3y ago
Use "blackbox" to avoid any responsibility. This is how c-level executives have layers and layers of people to do the dirty work to not get prosecuted. Now replace 'layers of people' with software/ai/machine le
467.
by raincom 3y ago
Some techies got busted for fraudulent loans. I don't know why smart individuals mess with feds by faking tax filings and other stuff. [1] https://www.justice.gov/opa/pr/tech-executive-pleads-guilty-...
468.
by raincom 3y ago
I have accounts with WellsFargo and Chase. They don't offer Fednow for customers.
469.
by raincom 3y ago
StarOne Credit Union in the Bay Area, I heard on reddit, offers p2p using Fednow.
470.
by raincom 3y ago
For someone who doesn't follow the Israeli politics, your reply lays out a broader picture of what's happening.
471.
by raincom 3y ago
Why not reduce the cost of living?
472.
by raincom 3y ago
You don't need to manufacture anything if other countries can swap their manufactured goods with importer's sovereign currency and if importer's country can dole out money to everyone to cover healthcare, housing, and food. O
473.
by raincom 3y ago
Who is going to bell the cat, when institutions and individuals legally collude?
474.
by raincom 3y ago
One can use machine learning and AI to evade culpability: for instance, if you want to debank a group of people, just have an AI tool to calibrate the score for risk, then debank them. Now banks/financial institutions can hide behind t
475.
by raincom 3y ago
It is not surprising to hear that. In fact, every billionaire has built a bunker for oneself somewhere, it is just that we don't know whereabouts of such bunkers.
476.
by raincom 3y ago
Banks use Bank Secrecy Act as a cover to debank people. When you complain, banks retort that you agreed to their terms and conditions. Add machine learning and/AI to this mix: debank people because their algorithms flagged them as risk
477.
by raincom 3y ago
Try this NYTimes article for more: https://www.nytimes.com/2023/07/20/nyregion/gilgo-beach-seri...
478.
by raincom 3y ago
Yes, one doesn't have an account with a participating bank in order to receive and send payments via FedNow. It is same with Zelle; with Zelle, one sends money to an email or a phone number of an intended recipient. Both senders and re
479.
by raincom 3y ago
Feds already get money transfer data without warrants. Recently Chase closed my checking account because I use Zelle so often. Chase knows all Zelle records because they partially own Zelle. I would rather have Feds own the data, rather tha
480.
by raincom 3y ago
Verify then trust

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