zonethundery

8 ms·

31.
by zonethundery 5y ago
You're not wrong, that is a maximalist interpretation of the language. Portman has tried to clarify, but there is always a gap between legislative intent and what the rulemaking process (i.e. Treasury) ends up doing with the statute.
32.
by zonethundery 5y ago
It "felt like" some common ground between the wyden and portman (and its successor) amendments would be found. It was complicated by Senate procedural votes that made amendments much harder, and an overlying concern about CBO sco
33.
by zonethundery 5y ago
Agree. I don't think FTC can leave FB's assertion unanswered here.
34.
by zonethundery 5y ago
This is true of most core loan servicing and deposit management platforms. It is very difficult to get mortgage servicing (in particular) right; the mainframe platforms have decades of honing.
35.
by zonethundery 5y ago
sure, they are, but the bank holding company act (BHCA) restrictions on ownership/source of strength requirements are a kick in the head. You can go the Greendot route (just up and convert yourself to a bank holding company), Varo rou
36.
by zonethundery 5y ago
Square Financial Services is a Utah-chartered industrial loan company (ILC) with FDIC insurance [0]. Savings deposits go here. Checking accounts are at Sutton Bank (partner bank). I assume the split is driven by Square Financial's th
37.
by zonethundery 5y ago
Its a function of the stability of the bank partnership model and the success of baas apis like galileo, combined with the economics of debit interchange for institutions under the Durbin amendment cap. Partner banks get more deposits and u
38.
by zonethundery 5y ago
My mid-90's telco experience involved a test deployment of citrix winframe (IIRC) dumb terminals. They worked okay, but not great. Every tech or bigco job i've had there's at least one mainframe codger doing the Kinge George
39.
by zonethundery 5y ago
Cells is really neat. I last used it 10+ years ago but it was a delightful way to express ideas about market structure in a way that made sense to my excel-addled brain.
40.
by zonethundery 5y ago
I'm new at this, having just purchased some miners, but have followed the space using a similar logic. For the 10% view I'd consider the insane amount of institutional money chasing the entire value chain, which will not be shy a
41.
by zonethundery 5y ago
(i) is enforceable. You could have a negligence claim, but customer (if a regulated entity) is generally required (on a principles basis, not necessarily prescriptive) to do their own due diligence on the adequacy of the vendor's secu
42.
by zonethundery 5y ago
Having a hard time figuring out the implications of this. We know HRV is "good" as a general matter, as orderliness of heart-rate variation is predictive of mortality post-infarction [sorry no cite; read some papers in the 90&#x27
43.
by zonethundery 6y ago
That Apple is unfairly privileging its own ads business. It's a tough cookie though; the offending behavior is simply Apple's truthful (if arguably hyperbolic) notice and consent popup.
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by zonethundery 6y ago
They are almost certainly doing this; question is whether they will file it. FB's noise around this feels very out of character, even for something that's devolved into a personal conflict. They may be truly scared of the update.
45.
by zonethundery 6y ago
Same here, but I wonder if Biden's pushback won't be more like mid-90's tech opposition (Piracy! Pornography! "You wouldn't encrypt a car, would you?"). We'll see what kind of hamfisted weirdness shows up
46.
by zonethundery 6y ago
Yeah it's not so much sponsorship (see other reply on donations) as "affinity". GOOG/FB employees lean D, and R's have historical beef (e.g. Google could have stopped the whole "santorum" thing). R'
47.
by zonethundery 6y ago
Congrats, this is very cool and inspirational.
48.
by zonethundery 6y ago
I mostly agree- its very hard to imagine any SCC for a communication service/social network surviving this kind of complaint. Not so sure about other kinds of things.
49.
by zonethundery 6y ago
Opening a new exchange is a huge achievement. Congrats on making it over all of the regulatory (and other) hurdles! I wish you the best of luck in attracting new listings; it's a fascinating idea.
50.
by zonethundery 6y ago
Privacy shield was one framework (now invalid, as parent notes) among a few. FB is dependent on standard contractual clauses which are generally valid (per schrems ii) but potentially invalid if the recipient is subject to FISA 702 warrant
51.
by zonethundery 6y ago
I've seen this happen in private industry and government, and is most of the reason analytics feels like a dead-end career if it is not the primary product of the firm. "Data science"/analytics groups are a cost center t
52.
by zonethundery 6y ago
Because volumes in its most profitable mail categories (marketing mail, first class mail) have fallen off a cliff. It would take an impossible number of parcels (at thinner margins) to make up for that. 6-day service, rural delivery, profit
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by zonethundery 6y ago
Texas Monthly has a long, storied history as a well-regarded print magazine. A content farm it is not.
54.
by zonethundery 6y ago
Breakups are very hard. Microsoft was overturned on appeal.
55.
by zonethundery 7y ago
'contract of adhesion' is the term of art here
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by zonethundery 7y ago
FTC estimated a total in the hundreds.
57.
by zonethundery 7y ago
Ehhh, it can be (there used to be ads in the back of the Economist for this sort of thing). The hard part is getting correspondent relationships with bigger banks (i.e. a bank account for your bank). The difficulty of that exercise is supp
58.
by zonethundery 7y ago
It is moderately atypical, but not unheard of. It especially makes sense (to the government bodies) if there's less overlap than expected between state and federal document production requests. Coordinating a 50-state+DOJ memorandum o
59.
by zonethundery 7y ago
If you make a large cash transaction, the teller is not supposed to tell you they are filing a Currency Transaction Report (CTR). If you ask about the CTR threshold and then change your transaction size, the teller is then obligated to fil
60.
by zonethundery 7y ago
Maybe they do, but they can't afford the litigation. Like "you can beat the rap, but not the ride."

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