skysight-inc/HackerNews huggingface dataset:
Yes but also interestingly in Page 4 of that PDF under (2) Setting assessments
(A) In general - (B) Factors to be considered

Besides the we can do anything, anytime mentioned in that Pag 5, there is the requirement to in general look at the impact on other banks. Something they clearly could not have the time to do in this short time.

(2) Setting assessments - (A) In general - (B) Factors to be considered

Section (iii) "The projected effects of the payment
of assessments on the capital and earnings
of insured depository institutions."
It wasn't the industry guaranteeing the funds, it was the FDIC, meaning the taxpayer.

If the industry wants a program like that, they can create it. Indeed it already exists: https://www.difxs.com/DIF/Home.aspx

But depositors obviously have the ability to gauge risk, especially sophisticated depositors with millions of dollars of cash lying around. Otherwise people wouldn't be squawking right now about the risk of money being moved out of certain banks to certain other banks. Otherwise things like the DIF wouldn't exist. Otherwise treasury management wouldn't be a whole profession.

The problem is that many depositors are not looking just for safety, they pick other things, sometimes over that. Which is their right! But sometimes when trade safety for other things, it turns out badly for them.
And now they won't?
I love this so much! rust is such a beautiful language!!!!
Privatized profits socialized losses strikes again.

You don't think that the banks aren't going to be passing along the burden of the FDIC special assessment to customers, do you? That's not at all how finance tends to work.
Relying on hacks for production code is usually a red flag/code smell that indicates there was probably a better alternative. `string & {}` definitely feels like one of those hacks.

As an alternative, wouldn't it be better to map the list of supported values in a structure like an enum?

Example:

```

enum HelloWorldValue {

Hello: 'hello',

World: 'world'

}

const value = HelloWorldValue.Hello

```

And now you can call that enum when declaring a variable value and get its contents in autocomplete. As a nice bonus, because these are references and not strings, you can ask your IDE for all places instantiating those values, which can be a life saver.
Hm, yeah. That point of view makes a certain kind of sense, but I can't find any way to accept that view of "this is important to me, so you can only mention it when referring to the thing I'm referring to".

If I'm not using the name to insult your God/spiritual leader/whatnot, you have no moral right to prevent me. I think that the intent to offend is the crux here, and if there's no offensive intent, there should be no issue.
The depositors “took risks” by literally keeping their cash in a bank? This is ridiculous. What was the safe, responsible thing to do? Put it in one of the “too big to fail” banks instead, given that those are guaranteed to be bailed out should they encounter difficulties? Assume that the entire banking regulatory system is a sham, that the whole Dodd Frank system of regulators overseeing the books and running stress test is not worth shit, and then what? Pay their employees in crypto? Stuff their cash into a mattress? Please. Let’s not pretend that literally keeping cash in a savings account is irresponsible risk taking.
They mostly get significantly more scrutiny and regulations. The sort of interest rate risk SVB took is shocking to anyone who works in a large bank.
I asked my credit union if I could use TOTP and they were like "no, we only support SMS". I then asked if I could disable SMS and they said "no, but we'll remember you computer for up to 90 days!".

Great. I don't check my bank account much more often than that. That's useless.
I think people are unhappy about the hypocrisy in the form of a special carve out. This class of people, despite their wealth and influence, aren't exactly lobbying for expansion of similar protections for the average person. In fact, who's to say if a lot of these startups weren't just laying off people as part of the crowd recently? So people are mad of the unfairness.
This reminds me of SomaFM's 1033 which plays music overlaid with SF public safety radio traffic.

[1]: https://somafm.com/player/#/now-playing/sf1033
> the only thing Ukraine has been prevented from using Starlink for is as a guidance system for drones

I can't tell if this is supposed to be humorous or not.

Ukraine is involved in an existential fight for its right to be a nation and a people. It's war. A war that Ukraine did not seek out. A war brought to Ukraine by Russia. A war that has cost many Ukrainian lives and will cost still more.

Ukraine is not going to care about terms of service set by a petulant man-child who has advocated for submission to Russia. Especially not when volunteers and soldiers on the ground are paying for Starlink access themselves:

https://www.theguardian.com/world/2022/oct/15/the-hell-with-...
Or maybe it's what they had to do to justify future rate hikes? I hope so, need some way out of this hole. But certainly billionaires are plotting how to capitalize on it. Feels like 2008 but in much slower motion so the wealthy can squeeze every dollar out of it on the way down.
But more affected than they would be if depositors finally learned the lesson that bank deposits are not risk free.
It's neither a loophole nor a charade: it's diversification to reduce exposure to risk. Bank failures are somewhat coordinated, sure. Still, it's much more likely that one bank fails than N>1 banks. Since you are exposed to less risk, your insurer (FDIC) is also exposed to less risk. It makes complete sense for the insurer to incentivize this sort of behavior.
Oh come on, you know it wasn't about the substance of the oil, it was about the currency the oil was traded in.
I don't even mind (although it bothers me that python doesn't have pipes ala R, or any sort of nice lambda syntax) but I wonder how much work has been put to take python-like dialect and hammer it over and over into being fast

NumPy giving a whole other set of verbs you have to memorize to just wrap around C, then JAX+etc which take that subset and make it faster, then the pypy+pyston to rewrite big parts, with numba to do individual functions if you really want for loops. I know it's an over simplification and it's all pretty amazing work, but it's exhausting to me how many companies and people have put work into taking a fast language and trying to make subsets fast
Fyi: https://www.federalreserve.gov/newsevents/pressreleases/mone...

Seems like the verdict is in.
> And I think the prominent people asking the government to bailout depositors

Anyone spouting this kind of rhetoric isn't helping matters, but in any case when it comes to this situation there are really well-defined mechanisms for making depositors whole without bailouts.
The Feds should not help the crypto startups that are actively betting against the Feds and the US dollar.
For Windows:

1. Binary build https://github.com/jaykrell/llama.cpp/releases/tag/1

2. Quantized model (7B/13B/30B) https://mega.nz/folder/UjAUES6Z#bGhKkyiZX3eRrn9HcxVVfA

3. main.exe -m ggml-model-q4_0.bin -t 8 -n 128
US Says All SVB Deposits Safe, Creates New Backstop for Banks
Are you aware of how your employer’s cash and assets are held?
Where does the money that the banks are going to use to pay for this come from?
Where did anyone say it was a stress test that was expensive? They literally said “complying with” not “ensuring you’re compliant with”
> If they can't, that is not a problem for taxpayers to solve.

You haven't made the case that the cost doesn't justify the reduction in systemic risk, let alone the immediate economic fallout of otherwise good businesses going bust. To make that case you would first have to outline what the cost would be, then you would have to explain why that cost is too high relative to the benefit. Both of those steps are missing in your argument. No attempt has been made to quantify the cost or the benefit.

So far it sounds like a moral judgment. They made a mistake (in your opinion), they as a group have tended to be be arrogant, therefore they deserve to suffer the consequences. I don't care for moral judgments, they are uninteresting. Explain it in terms of costs and benefits to the economy and to people.
> (1) Shareholders aren't zeroed in a bailout

If uninsured depositors took losses in the run on SVB, lots of other banks were going down too in the coming weeks. I think the argument is not that SVB is getting bailed out but investors in all the other poorly funded banks that won't fail.
>The whole point of the FDIC is to avoid contagion, and they nipped this in the bud, again.

Maybe. Part of the problem here is related to Glass-Stegall. Depositors are essentially the ones backing the investors at a bank these days. So, they just shifted who's footing things here, from the depositors and investors at SIVB, to depositors and investors at other banks. This approach has essentially dispersed the risk into the broader economy. As so, don't be surprised if this ultimately exacerbates contagion in the end.
> CEOs have a fudiciary responsibility to understand and mitigate risks

This is an impossible standard to hold founders of 10-100 person startups to. Might as well say "CEOs should be omniscient"
saw their all in episode. definitely did not get signal you described.
I believe that SVB and Signature have total depositor liabilities of 300B. They also have assets that are worth a significant portion of that. Only the difference needs to be covered by the FDIC assessment. Depending on what happens in between now and when that assets are sold, it is possible that the assets end up being worth more than liabilities, and no FDIC assessment is needed.
https://news.ycombinator.com/item?id=35112295 talked about how SVB was one of a very few banks whose staff understood startup problems. And they didn’t fail because of bad loans to customers! Instead they had too many deposits locked into long term bonds, interest rates spiked, and some customers panicked.
I think everyone is massively misled multiple times daily. The misuse of words like 'we' is actually a casual lie, falsely believed to be true by most, and actually verified by no one.
tried "npx dalai llama" and got:

SyntaxError: Unexpected token '?'

Any ideas?
It's been fun watching the special pleaders redefine "bailout", as if the term could only apply to equity or bonds.

It can apply to any interested party. As in "The depositors were bailed out".
You might be covered by one of the other package managers: https://www.nushell.sh/book/installation.html#package-manage...

We also publish binaries: https://github.com/nushell/nushell/releases
I like to eat healthy. It's extremely impractical unless you constantly cook, and do so the "hard way", with fewer shortcuts.

Yes, there's "less bad" options, like not eating your whole meal, and/or buying "fake health" food.

Healthy convenience food is very hard to come by and the unhealthy stuff is everywhere.
What about the VCs? Why were they made whole? They are the ones that owned all these businesses.
In other words...it's funded by anyone who uses a bank. A quick Google shows that only 6% of Americans are unbanked. If 94% of Americans are going to see higher fees, lower interest rates on accounts, higher interest rates on loans, reduced services in order to make up for increased insurance fees, it's practically paid by tax payers.
PPP loans were designed to be forgiven from the start. They were loans only in the technical sense. It was a mechanism for the government to allow companies to continue to pay employees during the pandemic lockdown, instead of firing them. Complaining about PPP loan forgiveness is disingenuous.

As for student debt relief, there's a huge difference between someone depositing money in a regulated major bank and expecting that Federal regulators were doing their job and that their money would be safe, vs. someone taking out a $100,000 loan for their own benefit and expecting the government to essentially pay it off for them.
It’s ruff out there.
Yes, there's a lot of sleight of hand going on here. This is also highly suspcious:

> Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.
Please let me know if you have a beta or link so we can test it as soon is live.
It is easy to conceive of uses, having a consistent style which conveys what you want to most any reader is another thing. If you had wrote all those examples without using the text to explain them the reader would have to stop and think about what you are doing and that is not a good thing.
Totally agree -- VCs should hand out cash management support to go with the cash they hand out!
Thanks for letting me know my shares of JPM aren't really paying me a quarterly dividend. Should I just send these fictions back to 270 Park Ave?
> A ton of the prominent VCs were writing out checks from their personal bank accounts so that founders could meet payroll.

Because they have duty to do so, as (part) owners of those companies. They could face personal liability for being negligent enough. You'd think any company with non-trivial payroll should've known better than not to hedge on all the things, including their banking partner.
What financial advice was that? That SVB was a good bank for Startups to use? It was the recommended bank by our Merchant Provider Stripe.

Sure it’s easy to identify poor choices after the fact.
Two non fiction. One to brain dump everything about teaching yourself to code, another about technology addiction.

I’m writing a short book right now on long Covid and then will piece together a philosophy book surrounding the four classic elements.

What are yours?
Especially given that an adequate alternative to putting all your money in one bank is to put it into two banks. Unless you're already on thin ice, that solves the short-term cash flow problem. Historically, even in bank failures, depositors get most or all of their money back, it just takes a while.

And if that isn't adequate for a given company, it sounds like it's time for them to hire a finance professional who has experience with cash management.
My understanding is their cash reserves were part of the problem. They had too much cash to lend it back out at variable interest rates, so they bought long term government bonds
Then use unknown. Either you know what's in the dictionary and can type it or you don't. Stop being lazy.
Isn’t the creation of a new and easy way for banks to access liquidity a bailout by another name? And what happens to base money supply of tons of people withdraw cash?
Also, the deflationary impact of all that wealth evaporating would have made my dollars more valuable. I was denied that benefit of keeping my money in a safer location. Not to mention the investment opportunities that may have come from the chaos.
Not sure why it mentions Mac and Python

I just ran it on a plain old x86 servers with 64 cores and loads of RAM.

Works just fine. Apple H/W and Python version are completely irrelevant.
Don't forget his buddy David Sacks and to a lesser degree Elon Musk. The "PayPal mafia" turned out to be just as damaging to society as a real mafia.
The bank, which is the entity that lost money on treasury bonds, is not getting bailed out. Its value is now probably zero.
No, all credible ones work by updating "rules" on the fly. That's literally how most laws are made in general. Something bad happens and appointed agencies and legislators rule and/or pass laws to cover that bad thing from happening again. Ex post facto only deals with retroactive aspects. Which isn't happening here. Just because the government acted one way in the past and not the same way in this instance does not equate to the retroactive definition of ex facto law.
They would be employees of the Fed, not the Federal Government, no? Also, I am not afraid of a big government so there’s that. Also, they would be paid well, but not get insane bonuses, etc. so that’s a distributive plus in my book (i.e., less wealth concentrated in a tumescent financial sector).
Now they are going to see the light and give the employees the same "bailout" they got when times got tough in the form of "not getting laid off" right? .... Right? Because everyone deserves a break, right?
i'm just getting regular mario, how do i get cat mario?
Absolutely - because otherwise the risk to take them on is too high in all measurable terms (time, lost time, lost opportunity, lost capital, emotional toil)
I meant 'hate' in the more casual, vernacular sense of being a 'hater' or 'hating on' something. I was thinking of dismissive naysayers, rather than anything associated with the intense, moralistic sense that the word 'hatred' still carries.

But totally, people who are skeptical about the use of Electron (perhaps only in some problem domains) are not necessarily being truly hateful towards anyone or anything.
Yellen announces "no bailout" and a few hours later, there is a bailout.
So the reason SVB had trouble with their assets is that they had to reprice the mortgage based securities they had to sell off.

If I wanted to buy back my house's mortgage from the bank, they'd ask me to pay the full principal.

But if JP Morgan buys it off SVB, they'd discount the mortgage and pay either 80 cents to the dollar or 50 cents (!), while they get to collect the whole principal & interest back from me as I repay.

What if I could buy it off SVB at fire sale prices, instead of some other financial firm?

This is probably most relevant when you think of medical debt, for example John Oliver's medical debt give away where he bought 14.9 millon dollars in debt for 60k & just forgave it through a non-profit (because debt forgiveness is a taxable event, which is just a tax loophole otherwise).

If you owe a hospital a million dollars and they are willing to sell it for 100k, why should you keep owing a million after its been sold for that price?
The chaos agent behind the collapse of Silicon Valley Bank is – – – Slack?
Would you be so kind as to explain the difference in this case and what would make one more expensive than the other?
They're passing any cost on to the other banks, who will pass those costs on to their various customers.
From what I understand there use to be a stress test. I.E. government employees would hypothetically withdraw a lot of deposits and see what would happen.
The threshold for the test was recently changed from 50 billion to 250 billion AUM, so SVB no longer met the threshold and didn't have to do the stress test. I have heard the stress test would have caught this.
And without an inkling of feeling hyperbolic, I said “I can’t imagine anyone disliking this.”
I think we understand that differing mark-to-market rules between GAAP and banking regulations were important here.
> At the same time, they’ve essentially raised the insurance limit to infinity.

No, they haven’t. The systemic risk exception was used during the last financial crisis for some banks and not others, so using it now doesn’t raise the insurance limit, actually or “essentially”. There is (still) no guarantee that it will be used for any particular failure in the future, just like there wasn’t after the last financial crisis, and people have lost funds in excess of the $250K insurance limit since the last use of the systemic risk exception.
My understanding is that foreign oil companies make the vast amount of the profits and that most Nigerians don't much of any of the bounty.

https://phys.org/news/2022-09-nigeria-oil.html

https://oilprice.com/Energy/Energy-General/Nigerian-Oil-Swin...

This is different in many middle eastern companies where the state is the oil company or is in firm control.
I just did. Not sure what else you want me to say.

If you think that putting money in a reputable bank is the same as gambling a few millions buying government licenses from private hands, then I don’t know what to tell you.

SVB investors aren’t getting their money back either.

Also, this has nothing to do with globalisation. You are mixing things up. And again, kind of ironic that you would blame cheap overseas labour, while sympathising with immigrants driving taxis around NYC. Pick a lane, mate.
Bill Ackman publicly admitted on Twitter to be on the hook for at least 10% of his assets.
He'll be like "Llamaste, guys!".
Speaking as someone who typically uses Emacs as anything but an editor: Emacs is recognized as an editor because it was designed as an editor with macros (thus the name). Those who call Emacs an editor are rarely trying to diminish what it is. If anything, they call it an editor since that is the main entry point to using it and it is much less intimidating than emphasizing elisp.

If anything, the opposite is true: those who try to diminish Emacs point out the absurdity of referring to it as an editor. To them, what has been accomplished through elisp is more of an indicator of a lack of focus or of bloat than it is of Emacs versatility.
I don't think my reading is that low on generosity. The founder of the movement wrote an article called "More people should be fat."

There are certainly bad diets out there, but they aren't just opposed to bad diets. It's simply not possible to be healthy at any size

Fat people should not be bullied, but normalizing obesity is actively harmful to the public health. It's like normalizing smoking.
Yep, just like the tax payers made money on the 2008 bailout.

We should have bank collapses more often. Seems like a great deal for the tax payer, with enough maybe we could even pay off the national debt.
Feel free to look into how much of the oil revenue of Iraq actually reaches everyday citizens as opposed to being stolen by corrupt government officials and then explain what difference the currency would make and who is at fault.
The panic was started by SVB, not VCs. Abstract this to any other bank and the reaction would have been the same.
are there plugins/add-ons to emacs for Java that lets a dev do the kind of refactoring available in eclipse or intellij? It seems emacs brings a lot of power to develop such tools with it, but are the tools there yet or am I stuck having to write every little thing on my own by having to master lisp?
No small or medium bank in the US can withstand a bank run
you mean to say taht the owners of SVB never sold any of their stock even as the price went up from $15 in 2009 to $750 in 2021?
> Having your bank account randomly disappear isn't one of the risks that anyone should have to take.

I mean, having all your data randomly disappear isn't one of the risks that anyone should have to take. But if a company suffered systems failure without backups, what would we be saying? If a company had a breach and all their data got release or encrypted by ransomware attackers, would people seriously be arguing for a taxpayer-funded government bailout?
It reminds me more of SomaFM's Mission Control[1], which plays music overlaid with NASA mission audio.

[1] https://somafm.com/missioncontrol/
This is great. Wish it had more international airports (could only find US and canada)

edit: I see you can request them since they are added manually
> Who would've thought post-hand-wringing-over-poor-300k-salary-tech-workers realizing their disposability that we would have another event reminding HN just how different the rules are for capital owners than the rest of us.

no offense this comment shows lack of even basic understanding of situation.

SVB collapse a zero impact on big tech workers earning $300k. this problem effect small business, maybe 50-75 employee who did not risk they money. they literally put in bank to do thing like pay employees and other bills.

start up employee is not earning $300k USD per year. start up hardly compete with big tech on any compensation. these people working hardest.. not rest and vest like big tech.
Nice work! Would be great to see this support llama.cpp's new interactive mode.
Hiring for what? For how much pay? lmao. You are not helping.