skwirl

11 ms·

91.
by skwirl 4y ago
Did you miss the part of this press release where they announced that Signature Bank collapsed today? That makes it pretty clear that the contagion was real. Treasury’s actions make it abundantly clear as well.
92.
by skwirl 4y ago
I think you would do well to not try to instantly bucket people into "my political tribe" or "the enemy political tribe." Not only is it lazy and harmful, you just aren't good at it. Plenty of people on the left w
93.
by skwirl 4y ago
I don't see where you get "government oversight is bad" from anything I said. I strongly believe that we should have strict government oversight of deposit accounts and that people should be able to have faith in the banking
94.
by skwirl 4y ago
If SVB collapsed because of corruption in the federal government, then that just makes a stronger case for federal institutions doing whatever they need to do to make the depositors whole. The solution to failing to protect depositors is n
95.
by skwirl 4y ago
You are making the same kind of argument that people asking for SVB depositors to be made whole are making.
96.
by skwirl 4y ago
> Investors like Ackman and Cuban seem so concerned about payroll for tech workers. They weren’t calling for a bailout of SVB. They were calling for protection of depositors, which is what Yellen is trying to make happen.
97.
by skwirl 4y ago
> FDIC insurance is not infinite. Not understanding that is no fault of the rest of society. I hope you realize FDIC insurance isn’t even guaranteed to be $250k. The FDIC is funded by member fees and can only cover a very small amount of
98.
by skwirl 4y ago
> Did they help depositors that lost money in the last 500+ bank collapses? Yes. Anything else?
99.
by skwirl 4y ago
FDIC insurance limits are set to protect individuals. $250k is nothing for a business. Roku would have needed 8000 bank accounts to hold their cash at 250k per account. You are basically telling businesses to not use the banking system outs
100.
by skwirl 4y ago
The bank is already shut down, dead, gone, past tense. It's shareholders are wiped out, as they should be. Nobody is calling to save a bank that doesn't exist anymore. We're talking about the depositors. I think this has
101.
by skwirl 4y ago
I'm not, because I know the federal regulators have strict requirements for these banks and will bail them out if they did somehow fail for being a "systemically important bank." I'm not qualified to evaluate the soundn
102.
by skwirl 4y ago
Oh no people might continue putting money in bank deposit accounts at banks regulators have said are solid, we definitely don't want people doing things so totally unnecessary and crazy.
103.
by skwirl 4y ago
I don't think many people are qualified to assess the risk of a bank, and I don't think it's reasonable to expect founders to be able to do this. It's a bit like expecting people to inspect bridges before they drive ove
104.
by skwirl 4y ago
The point is that everyone should bank with four too-big-to-fail banks and all other banks in the US should be shut down? That's certainly A Take. I thought we wanted to do away with too-big-to-fail banks, not permanently cement them
105.
by skwirl 4y ago
People are misdirecting their (rightful) ire over 2008 bank bailouts at depositors , which apparently is because they don't like some of those depositors for unrelated reasons. Nobody is defending the bank, which already has been s
106.
by skwirl 4y ago
>No, you should insulate yourself from that risk, either by spreading out your cash between multiple institutions, or obtaining deposit insurance beyond the government's, or (most likely) both. Why would I do that when I can bank wi
107.
by skwirl 4y ago
Within the constraints of technical systems, it's pretty obvious. It's not a topic that you can really bullshit - things work or they don't. It makes mistakes sometimes and what it says won't be consistent with other t
108.
by skwirl 4y ago
>Of course, we shouldn't rely on chatGPT. It has give me wrong and insecure code before. However, its a nice tool to have around You 100% should verify any code generated by ChatGPT - but this goes for any code found off the interne
109.
by skwirl 4y ago
Sure, it's an unending stream of things, but here are some recent examples from my history: -Had it extract some gnarly string manipulation logic in a MySQL where clause into a function. It wrote clean, well commented code, and even e
110.
by skwirl 4y ago
I am puzzled by all the hot takes stating that ChatGPT (and other similar tools) outputs garbage and is being "discredited" when I have personally found it to be an incredibly useful tool that I have been using daily pretty much s
111.
by skwirl 4y ago
I don’t know what this has to do with what I posted. I never said Twitter was doing well under Musk. You are shadowboxing.
112.
by skwirl 4y ago
Losing money in 2021 for a tech company in Twitter’s position is dire. That was the most intense boom year the industry has experienced since at least the 90s, maybe ever. Meta had all time high gross revenue and net income, both about 35%
113.
by skwirl 4y ago
Given twitter’s massive headcount increases in the previous couple of years and the decline in ad spend that came last year, the previous executive team was about to fall off their tightrope. I’m sure they would have handled it with much be
114.
by skwirl 4y ago
Mods need to edit the headline of this to match the title of the page. Nothing stating or implying this headline appear in the article and it feels like an attempt to troll HN.
115.
by skwirl 4y ago
This sounds like a pretty serious misunderstanding of what LINQ is. LINQ is a general query capability of which there are multiple providers - one of them is for SQL, which may be what you are thinking LINQ is, but another is for in-memory
116.
by skwirl 4y ago
>It feels like everything is broken in the Java web-dev ecosystem, except spring. "Except Spring?" Spring IS the modern Java web-dev ecosystem. You can't write it off as a small exception. With Spring Boot it is very eas
117.
by skwirl 4y ago
* This other JVM language has it too. Groovy is not Java. Java does "have it," as in Java has streams. It's pretty crappy compared to Linq due to language limitations but it's a lot better than nothing.
118.
by skwirl 4y ago
I feel like this is a pretty important comment that busts a popular myth about Twitter and Ruby. The notion that Ruby was a poor choice even for a young Twitter that hadn't hit scale makes Ruby (or at least, late 00s/early 10s Ru
119.
by skwirl 4y ago
The fertility rate today in the United States is inversely correlated with income. The effects are not minor, either. As far as I'm aware, there's not much subsistence farming going on in the United States.
120.
by skwirl 4y ago
This common explanation never made sense. Lower income is correlated with higher fertility within the US, within every country, across the world, and (seemingly) throughout history.

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