treis

49 ms·

751.
by treis 4y ago
They're getting him on the technicality that it was not him but one of his corporations that made the payment.
752.
by treis 4y ago
Newborns/infants are way easier than toddlers. Game changes once they get mobile and destructive. My wife is down two laptops due to our little guy.
753.
by treis 4y ago
It's rare that I see that significant of a discount on Aliexpress. Most are within like 10% and sometimes cheaper on Amazon.
754.
by treis 4y ago
Why shouldn't Ubuntu take the next step and pre-install the weather application if that's what Ubuntu thinks most of its users will want?
755.
by treis 4y ago
That one thing is the illegal bit of it. Yes, at some point you will have to tell a customer they are unable to make transactions in response to their attempts. But you're not supposed to proactively go and tell them they are unable
756.
by treis 4y ago
Seeing others be so wildly bad at their job makes me feel better about my performance at work.
757.
by treis 4y ago
That middle step is multiplying the fiat going to BTC because Tether (probably) is only partially backed and (probably) buying crypto to make money. So your one dollar that goes to tether gets multiplied. Something like $1 -> 1 Tether
758.
by treis 4y ago
Because no one has promised that SS and medicare benefits will stay the same forever.
759.
by treis 4y ago
The press release says this is going to cost the FDIC ~20 billion. If they didn't shoulder that loss, who would have except for depositors?
760.
by treis 4y ago
And 20 billion loss out of 57 billion deposits is quite the haircut. Would have been a terrible precedent to set to allow a run and then stick the saps that were too slow with all the losses.
761.
by treis 4y ago
Most of us are carpenters since carpenters don't build literally the exact same thing over and over either. They build similar stuff like decks and houses over and over. But they're all different to some extent. Programming is
762.
by treis 4y ago
>how’d that work at Google How do you know it didn't?
763.
by treis 4y ago
It doesn't because they made all the depositors whole. If they didn't do that then the last 30% or whatever depositors remained would have taken all the losses. Regulators have broad power to close banks. They could have done so
764.
by treis 4y ago
But that's because SF broke their real estate market. In a more functional one the cheap money flows to builders as well and they then build more houses bringing prices down.
765.
by treis 4y ago
>You can't prevent a bank run if people are going around whatsapp groups of major depositors telling each other to get their money out. Sure you can. You close the bank when it's insolvent and people are saying to get your mon
766.
by treis 4y ago
But if you're a midsized construction firm turning over $10 million a month 40 bank accounts is unwieldy. If you're that and watch SVB collapse with the slow pokes holding the bag then you move to one of the big 4. For a few rea
767.
by treis 4y ago
I don't think there's any real relation. The single sector that saw the largest increase in prices were new cars followed closely by used cars. The market for new cars has a dozen or so major global companies and the used car ma
768.
by treis 4y ago
> spike in timber prices is only possible if other prices fall. This isn't true. If there's less stuff being made then prices go up and people get to buy fewer things. Which is roughly what happened during covid.
769.
by treis 4y ago
The sibling post illustrate the problem. Lots of different libraries in this area and hard to know which one to pick. Also just kind of seems wrong to use a library for types in a language that is for types only.
770.
by treis 4y ago
The jankiness of JS combined with the correctness of TS really is a powerful combo. Especially stuff like string keys and const arrays as enums make safe and readable code without a lot ceremony. The big problem is the gap between TS and J
771.
by treis 4y ago
The pro sports restrictions are because they have a union and a collective bargaining agreement. If it weren't for that all the draft, trade, free agency, and so on rules would be unenforceable.
772.
by treis 4y ago
$100k is also like one pay cycle for a 10 person start up. The $10-20 billion in bailout sounds like a lot but it's not much compared to the market cap that banks are losing. Charles Schwab alone lost 30-40 billion in market cap becau
773.
by treis 4y ago
This is kind of ridiculous. The depositors at SVB were bailed out to save all the other regional banks. Obviously they were happy to get free money but life would have gone on if they didn't.
774.
by treis 4y ago
Isn't that between SVB (among others) and the regulators?
775.
by treis 4y ago
> changing the rules in the middle of the game Part of the rules are that the regulators are supposed to shut down a bank before the run happens. They're not supposed to let the run happen and let the poor saps that were too slow m
776.
by treis 4y ago
The most (in)famous example is Bank of America buying Countrywide in the early stages of the 2007 crash. They ended up losing like 40 billion on that deal.
777.
by treis 4y ago
This is a red herring though. Your company isn't losing 4.75 million. They're likely going to lose 0-10% of that. The actual question is should tax payers give a company that has ~4.5 million in cash and is worth some multiple o
778.
by treis 4y ago
I'm not sure if it's tied to a specific repeal, but letting them keep the MBS at face value on their books is an obvious mistake in hindsight. Also in retrospect they were likely insolvent or at best barely capitalized at the end
779.
by treis 4y ago
I think it makes sense. If some banks are too big to fail then they're too big to lose customer deposits because that means they're a failed bank. The only way out of that logic trap is if the Feds are willing to bail out the ba
780.
by treis 4y ago
No, it's unusual. Usually the FDIC is ahead enough to do a planned takeover on a Friday with the aim of re-opening Monday morning. This might be the first honest to goodness bank run we've seen since the FDIC was created.

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