treis

47 ms·

781.
by treis 4y ago
And more broadly, protecting the other banks in a similar situation from their own runs. I think there's a reasonable argument to be made that it'd be cheaper in the long run to stop the contagion at SVB instead of watching anoth
782.
by treis 4y ago
The ~60% is the easy to value marketable assets SVB owned. The FDIC will do the accounting over the weekend and pay out whatever they calculate is covered on Monday. The loans SVB made are less liquid and are harder to market. The FDIC wi
783.
by treis 4y ago
Again, likely ~60% of the money is coming Monday with more trickling over the next few weeks.
784.
by treis 4y ago
I don't understand why people are blowing this out of proportion. SVB had $100 billion of securities that are now worth about 70-80 billion. That plus short term securities means they've got $100 billion liquid against $170 bill
785.
by treis 4y ago
Yeah, but they bought bonds to make their numbers work. They had a choice of getting like 0.08% in overnight funds or 0.36% in short term T-bills or locking it up and getting ~3% in MBS. They chose the latter to make more money. If they
786.
by treis 4y ago
This isn't an over simplification it's just wrong. The bank does have more assets (the 1 million in cash) that balances the liability (the 1 million they owe to their customer).
787.
by treis 4y ago
I see one person saying that and a bunch of other people telling them why they're wrong
788.
by treis 4y ago
This isn't true. The bank is in receivership and which is a different form of bankruptcy. The FDIC will liquidate assets or find a buyer relatively quickly. Depositors will end up getting most or all of their money back.
789.
by treis 4y ago
What are you talking about? Pretty much everyone I've seen has called this a bank run and said to get your money out since SVB announced they were trying to raise money. Techcrunch called the announcement shooting yourself in the foo
790.
by treis 4y ago
There's a difference between being bankrupt and being worthless. Bankrupt means you can't pay the bills you owe today. You can have enough assets to meet the obligations but be unable to turn them into cash fast enough. Another
791.
by treis 4y ago
Can you give some examples?
792.
by treis 4y ago
That's forcing the engineer to do what they should be doing. You can blame them for not doing that but that doesn't absolve the engineer of not doing what they should be doing.
793.
by treis 4y ago
I don't think the engineer in the OP did a good job. They were the last link in the knowledge chain. It's on them to pass the knowledge along and onboard the newbies. Is it possible that they got saddled with a bunch of incompet
794.
by treis 4y ago
>* EXCEPT IF I WANT TO USE AN ENUM/TYPE AS A KEY IN AN DICT WHICH I REALLY WANT TO DO!! It's better just to use an actual array for enums: myEnum = ["E1", "E2"...] as const type myEnum = typeof myEnum[numbe
795.
by treis 4y ago
You write a letter to the legal department.
796.
by treis 4y ago
That's not what I said my entire exposure to React is.
797.
by treis 4y ago
From what I've seen that's like saying you need to use salt to be a good cook while pouring a bucketful on a salad. Perhaps it's technically true but from what I've seen you can build pretty complex UI without useEffect
798.
by treis 4y ago
Think you're gonna have a bad time. Should be something like: function handleChange(e){ getAutoSuggestions() setLoadingState(true) } ^ Side effects happen in response to user input function getAutoSuggestionsCallback(resp){
799.
by treis 4y ago
setState is a convoluted way of passing the newState to components. useEffect is a side effect and if you use it you're gonna have a bad time.
800.
by treis 4y ago
I've been working on a React side project for a few months now and looking at my company's apps plus posts like this I think people just miss the point. Stuff like this: >Things get more complicated when you start using React
801.
by treis 4y ago
Uber has always been kind of a head scratcher. Numbers vary but they do 20-30 million rides per day. Which sounds like a lot but is only 350 rides per second. It's kind of hard to figure out how you go from 350 customers/second
802.
by treis 4y ago
>2X larger during those 5 decades If the natural growth was 2x in those 5 decades then 5 to 30 is a surplus of 20 million people. A bit less than 10% of the US population in 1990.
803.
by treis 4y ago
I haven't been able to find great statistics, but you can look at state populations to get an idea. California, as an example, went from ~5 million to ~30 million in a few decades post WWII.
804.
by treis 4y ago
The solution in the past was for people to move to a different city. Migration is way down compared to generations past and continues to fall: https://www.pewresearch.org/fact-tank/2021/12/16/in-2020-few
805.
by treis 4y ago
It's not necessarily in-demand. It's the ratio of jobs to applicants. Both numbers can be low which anecdotally feels right for Rails. It's not the new hotness anymore but there's still plenty of systems to maintain&#
806.
by treis 4y ago
>school shootings See this is exactly what I'm talking about. 20 years ago the prevailing wisdom was that this was caused by violent video games and explicit music. This is what you sound like to me: https://youtu.be&#x
807.
by treis 4y ago
The whole post is clickbait. The million dollar solution was to store source code that they never ever wanted to lose. It (presumably) worked for that. What it didn't work for was backing up user profiles and being able to quickly r
808.
by treis 4y ago
>It's pretty hard to argue with the plain fact that teen suicide rates are WAY up compared to the last 40 years. This isn't true: https://cdn.vox-cdn.com/thumbor/8gKudTKiGtcT11FPjKsB27qh86Q=... Rates went
809.
by treis 4y ago
This seems like just another iteration of old people decrying technology they don't like: Communication these days is so impersonal. Why can't they have a chat instead of public posts Why can't they call and actually talk to
810.
by treis 4y ago
I like Make it work Make it good Make it fast

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