somsak2

30 ms·

361.
by somsak2 4y ago
What? How have MBSs been screwing individual home buyers?
362.
by somsak2 4y ago
Is it suddenly so unpopular? Can you link me to think pieces / opinions that have been published in the last few years that are arguing for increased deposit insurance for businesses? I don't recall hearing about this ever before.
363.
by somsak2 4y ago
Kind of crazy that the approach that's being taken here is a change.org-style petition. I would have expected that these people have connections much higher up and wouldn't have to publicly grovel like this.
364.
by somsak2 4y ago
Should CEOs really be paid tens of millions a year?
365.
by somsak2 4y ago
Why would this be the wakeup call, and why are you arguing for fucking over employees that are making what is a median salary for their region? I'm not pro-bailout either but regular employees are about the least-deserving of the fall-
366.
by somsak2 4y ago
surely you're not suggesting that bailing out companies they've invested in should be considered part of the a giving pledge? how would that be at all philanthropic? that's just self-interest.
367.
by somsak2 4y ago
it depends on your definition of bailout. in my mind, if the government has to step in to do anything to make sure that people aren't fucked, that's a bailout. i also don't think either average joe or bigco necessarily deserv
368.
by somsak2 4y ago
> Was there something particularly incredible about SVB yeah, they gave the company insane terms for additional cash and sweetheart deals for when your founder or buddies needed a mortgage. No wonder everyone used them.
369.
by somsak2 4y ago
There's other ways to make this work -- FDIC insurance is per-bank so you can spread your deposits across distinct banks to be covered in the low-to-mid-millions. If you have >$5m and you haven't done due diligence on this, I&#
370.
by somsak2 4y ago
what incentive do they have to actually give out valid information about "their reasoning for shorting this stock?" they have a serious disincentive as a hedge fund to share their insight since someone else can now make the money
371.
by somsak2 4y ago
Similar to MaxSafe mentioned in the article, Wealthfront offers $2m in FDIC insurance by spreading the deposits across banks -- https://support.wealthfront.com/hc/en-us/articles/3600443020...
372.
by somsak2 4y ago
EU only has 4 of the top 50 banks by market cap. the us has 10. I'm not saying the us system is necessarily better, but for two economies that are comparable in gdp, that's a big gap. https://companiesmarketcap.com&#x2F
373.
by somsak2 4y ago
> it is hard to knowing that they chose to keep their funds in an bank that was actively lobbying to weaken risk regulations what an insane standard. as a customer of any company I'm now supposed to investigate their lobbying activi
374.
by somsak2 4y ago
https://archive.is/Ger2q
375.
by somsak2 4y ago
i cannot confirm this
376.
by somsak2 4y ago
no, it's not. very few places, much less startups, are paying $260k/year in cash after deductions to a "neither a particularly well compensated nor particularly senior engineer." Take a look at levels.fyi. They'd
377.
by somsak2 4y ago
The government made quite a bit of money in profit overall. Auto manufacturers were <15% of the total amount. https://projects.propublica.org/bailout/
378.
by somsak2 4y ago
remember this is the same guy that titles his self produced videos things like "my $200m startup mistake" in reference to deciding to work at Microsoft
379.
by somsak2 4y ago
interesting story but wrong conclusion. this isn't about a management problem but rather a case of an IC taking on too much themselves. had they never attempted to do the work of 3-4 people, this general problem would have become appar
380.
by somsak2 4y ago
I just fundamentally disagree with the idea that someone should be entitled to live where they want simply on the basis of previously having lived there.
381.
by somsak2 4y ago
is there data on this? doesn't feel like outages are more common to me.
382.
by somsak2 4y ago
I don't necessarily disagree that we could use some regulation in this space, but do you really think engineers that would have joined Google would choose a government agency instead? How many people that would have become investment b
383.
by somsak2 4y ago
sf rents have stayed below pre covid highs for a while now -- https://www.zumper.com/rent-research/san-francisco-ca
384.
by somsak2 4y ago
it's like all other diversity candidates. marketing, recruiting, design, etc
385.
by somsak2 4y ago
Why?
386.
by somsak2 4y ago
Great, now the creators who's content you enjoy don't get any money to sustain their efforts. I think letting uBlock stay up as an extension is a brilliant move by Google. It means that the people that use it eventually won't
387.
by somsak2 4y ago
by a factor of 100-10000x? maybe a 2 or even a 10x multiple would be reasonable but that's not how it works.
388.
by somsak2 4y ago
The kind that leads the world in software development and also happens to have the highest ceiling for take-home pay.
389.
by somsak2 4y ago
> The research is clear that layoffs negatively affect morale and performance. But one big round of layoffs has much less impact than a series of smaller ones. do you have a source for the second sentence?
390.
by somsak2 4y ago
https://archive.is/in3yE

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