skysight-inc/HackerNews huggingface dataset:
It’s also never adjusted for inflation, despite this mess in theory being triggered by raising of interest rates due to super high inflation. 250K when it was set in 2010 is the equivalent of almost $350K now. If we ignore that, then we’re just admitting the number is totally arbitrary and we shouldn’t even bother arguing whether it’s a lot or a little.

Separately, it’s weird that a joint account is insured to 500K but a business account stays at 250K. It actually does weirdly favor wealthy individuals vs. working capital accounts for businesses that might represent many employees.
Their decision and action was to deposit in excess of the FDIC insured amount without supplemental insurance that was their responsibility to have or ensure their bank provided. The reality of the situation is that those who did so are now being retroactively granted supplemental deposit insurance after a loss and free of charge. The rest of us are paying for this gift courtesy of the government... again. (sure not as taxpayers, merely as consumers)
No more than you control iron ore mines or steel mills. The Amish aren’t targeting the Stone Age.
Honestly, the only reason I’d switch away from Kitty is because of the extremely annoying SSH behavior.

I respect the authors reasons, but practically it just sucks balls.
> At the same time, this is yet another example of changing the rules in the middle of the game. Yellen has just broadcast that FDIC insurance is essentially unlimited, as long as you can threaten wider disruption to the economy.

The criteria isn't threatening a "wider disruption to the economy", it's threatening the quality of life of a certain class of people. When unions threaten a wider disruption to the economy for maintaining their quality of life, they'll do their damnedest to not give in. They'll pass laws outlawing strikes. Or send in "law-enforcement". As the saying goes, laws are for the poor.
What studies, exactly, prove that plyometric bounces make you more explosive “or something”? More explosive for the purposes of what? Do you even know the principle of specificity? Are you saying that what we call “knowledge” of anatomy and physiology and nutrition are actually invalid because they’re just derived from college students? Are you even aware that meta-analyses exist and that it takes that degree of veracity before studies make it to reference books, or are you really just complaining about pop fitness articles and discussions that you’ve read from bodybuilding.com? I have to ask, sorry, because your line of questioning is so devoid of rigor that you can only be coming from a position of arrogant ignorance, and it’s glaringly obvious.
In the beginning of the movie "Margin Call" (2011), why is Eric Dale, head of risk management, laid off by the bank?
Tammany Hall was part of a world which started with the Robber Barons and ended with the Bosses distributing the funds to the ward heelers. Jay Gould funded Tammany Hall. Sure, it was also self-perpetuating corruption, but it had linkage.

It didn't consist "of" robber barons. It was a tool they used when it suited them. I call that cronyism.
The short-term case for other banks bailing out depositors is that any systemic risk affects all banks and the rest of the citizenry, albeit indirectly.

But I think it's probably economically sound in the long-term as well. That is, asking every depositor with $250K+ to assess the financial health of each bank they use and maybe buy insurance is collectively more expensive than just having the FDIC implicitly insure all deposits.

That's different than asking if it's "fair". But I would wager it's probably more efficient.
Just cause the dollar amount is increasing doesn't mean it isn't being defunded. You have to account for inflation, population size, and population age distribution.
Correct — many cars before the DeLorean had gull-wing doors[1], Lamborghini-style scissor doors[2] also predate the DeLorean by many years, and AFAIK, both of these door styles are still available on production vehicles today.

The most interesting thing about the DeLorean is the story behind its creator and creation[3], not any particular aspect of the design of the final production vehicle.

[1] https://en.wikipedia.org/wiki/Gull-wing_door

[2] https://en.wikipedia.org/wiki/Scissor_doors

[3] https://en.wikipedia.org/wiki/Framing_John_DeLorean
I have the same thought about all artistic content. We've had a period of hundreds of years where we were advanced enough to reliably record, preserve and duplicate creative works but not so much that they were influenced by camera tech, photoshop, generative AI, LLMs and all other digital craziness. This reliance will only continue to increase as the tech gets better. After a point will it be too difficult to ever produce anything unique? Is the golden age of human creativity behind us?
The previous management was fired and it’s under new management. It wasn’t simply “renamed”.
This is where the checks and balances thing comes in. Maybe your local housing prohibition has to be approved at the state level. Which for most local ordinances is a rubber stamp, or just automatically happens if no one asks for a vote, because what do people in Oakland care about parking rules in San Diego? But if you're trying to NIMBY housing development, and a lot of people are against a law prohibiting new housing development, you can't have one.
I'm sure the whole story will come out eventually, but I think there were some better options that I really hope were seriously entertained and that this was a last resort after those didn't pan out. We probably disagree on this (and I think reasonable people can), but I think one of those better options would have been a private sale with some relatively small haircut - 50% no, 99% definitely, 95% probably, 90% maybe; it's fuzzy - to uninsured deposits. That would have been painful. But it is also painful to make up yet more ad hoc public backstops for a banking sector that reaps large profits. Theoretically they earn those profits in large part through risk management on their customers' behalf. But increasingly it is actually the federal government of the US that is actually taking on that risk.

I have a ton of empathy for everyone with business or paychecks at risk, really I do. But I also don't like continuing our march toward privatizing profits while socializing losses.
They offered accounts to orgs that weren’t eligible elsewhere and offered “venture loans” that were designed around the unique financial flow of startups since startups don’t meet traditional lending criteria.

These loans amplified and smoothed the funding of the startups, but required parking all your deposits with SVB as collateral. (Whoops)
My take on the announcement:

1. Existing assets are more than current deposits, but liquidity is low

2. Shareholders, bondholders, etc.. are going to get zero

3. The Fed will provide immediate liquidity

4. Assets will be sold to repay the liquidity provided by the Fed
I guess liquidity problem should be treated differently from solvency problem.

With FDIC take over the bank asset, this is not paying from taxpayer's money ..
that first plugin is genius! i'm totally gonna give it a go tomorrow!

edit: just opened the second. even better!
Just to voice the old fashioned opinion: find someplace that you want to live, move there, and stay there. Have a family. and dogs.
Futures markets up 1.7%. The one lesson they want you to remember is to buy the dip.
My god, the comments on these SVB articles keep getting worse. I'd delete 95% of the comments I see, including yours.
Why sign NDAs? If you weren't violating the then TOS, what did you get in exchange to sign them?
“Captains of industry” also sounds faintly ridiculous for what it’s worth.
This was excellent. Thank you. I'm going to try to get my Russian "debate partner" to watch it, although it's probably pointless.
For me it was writing MIRC scripts that monitored the IRC channels I was in. So it was scrapping the content, but not nearly as elegant as what the OP mentioned.
It is https://github.com/ggerganov/llama.cpp/blob/master/utils.cpp...
I think our understanding of the inner structure of the earth is another interesting example of something that we’ve deduced scientifically but never directly observed. It surprised me a bit when I first realized that the Earth’s crust had never been pierced (by humans) and that it was all based on indirect observation.
> This appears at this point to be a fairly pedestrian FDIC bank take-over,

You believe invocation of the systemic risk exception is the norm?
Yep, pretty much this along with some guessing at the stuff that was obfuscated (mostly response structure and the meaning of some of the data).
On the first diagram, the y-axis is the absolute brightness of the stars in the visible spectrum (V) and the x-axis is the difference between magnitude in blue (B) and the entire magnitude of the star in visible spectrum (V).

Thus on the left-top we will see super bright stars, all in blue spectrum, super hot blue stars actually. One is R136a1, a super massive blue star with 200 M and a radius of 4.7 millions sun!
Although 163000 ly away, it’s still visible because of its super brightness. Those super-hot blue stars are just a momentary capture of quick giants, who is about to transit to other states entirely.

On the right side, we will see bright red giants. A good candidate would be the Garnet Star.
So I keep seeing things like "insiders sold X amount at Y date, they must have known Z" but I thought that as an insider you can only sell a certain amount at certain times that are pre-defined before the true value of the sale could be known and before any future material events actually occurred. Could someone explain how this works?
b) is not exclusive to Britain. A very large portion of the US benefits from poorer countries to the south with high birth rates and porous borders. Probably applies to almost all large developed countries.
For what it's worth, I'm thinking about getting certified as an electrician instead.
Now, I have no knowledge if Biden himself tweeted that.

But would you retweet something that calls your actions “bailout”? Especially if you don’t want it to be called as such?
Dunno about insiders, but some old tweets called out trouble well before the fact:

https://twitter.com/ByrneHobart/status/1628779894183272452

https://twitter.com/RagingVentures/status/161582608803847373...

EDIT: This tweet also proposes a timeline for the collapse based on one of those tweets -

https://twitter.com/itsurboyevan/status/1634603869752766471
Maybe we need GPUs with DIMM slots? Or maybe a second card that's all memory and connected by the bus they use for dual GPU setups? Sadly both are almost certainly too niche to exist in our current GPU marketplace.
Get-Old -Fast
SVB was publicly traded, and it’s not being bailed out. Who do you think owns the now-worthless stock?
At this point we should just nationalize the whole banking system. Currently we have the worst of both worlds: privatised profits and socialised losses; strict regulations but limited oversight or appeal; no real market competition but no real voter influence either.
Recreating Doom in Python
Yeah, very plausible. And there are cases where it appears some third party has hacked the converter website as well. https://www.zdnet.com/article/dozens-of-online-file-converte...
Few "mom-and-pop" companies get to the point where they have $250K in liquid business cash without hiring an accountant. A "30 person startup" is waving around the cash supplies of a much, much larger actual-business and if those very sage VCs cannot guide them to safeguard that investment I am at a loss as to why every other depositor should do so for them.
> There should definitely be a place for a company to hold $10M without risk. Maybe $20M.

There is. It's called a T-bill. I know how to buy them, and I am not a hotshot startup CEO. I think it's okay to expect some level of maturity out of somebody handed That Kind Of Money.
Not sure what cat is supposed to do in this case. All I get is mario.nes: No such file or directory
Nothing specific per se, but I recently retrofitted this IBM Thinkpad I bought off ebay and installed Linux Mint onto it running i3WM. I basically control the entire OS with my tiny keyboard. I have a ton of hotkeys to just map movement of everything insanely fast. Using this alongside VIM allows for very efficient usage of my machine. Highly recommend.

Aside from this, I basically just rely on things like cntrl + p for search, various bash/shell scripting + chatgpt to be efficient. Always improving!
I can confirm that if there’s one thing I’ve learned, it’s that women do not appreciate livestock comparisons. Praising milk production for instance is right out.

This reminded me of a post on Reddit that made its way there from someone’s Facebook - a rural couple had a pregnancy announcement that involved her dressing up like a cow and made some jokes about the breeding program. It went over about as well as you’d expect for Reddit - terribly. But all I could think about is how cool it would be to find a woman chill enough to go along with that.
Demographics means distribution of population characteristics. Made sense to me as a native speaker.
> If you build your society around automobiles as a form of transportation, you become critically dependent on enormous supply chains beyond your control.

Sufficient but not necessary. You can build enormous supply chains on ships and trains just fine
I’m interested in the fact that this all seems like a whole red flag factory in retrospect but no outsider really saw it coming. If there were people establishing bets against this bank they weren’t doing it on the open market. Options markets for SVIB were almost silent until two days ago.
I dispute that the model can be copyrightable in the first place.
I do not think anyone would have a problem with intractable hyperobjects if the King, Prime Minister, and others also had to wait in the same queue at the emergency room.

What people have a problem with is that the problem seems to be tractable for some, and not for others, and whether or not those “some” are worthy of it.
Loading and unloading a dishwasher was one of the more interesting questions I’ve received in a technical interview.

It either shows who thinks about or prefers to do the work up front in loading the dishwasher well to be be able to unload it the quickest.

Also helps folks identify if they hate loading or unloading a dishwasher more.

Imagining the parallels to tech roles is left here open for your comments.
You said "1,000 years ago if the crops failed, and the peasants started going hungry, either the priest or the lord was blamed."

I'm saying we should not look to the distant past for guidance on how to handle situations like this.

The presumption of innocence applies here because we shouldn't punish individual bank employees unless we demonstrate to a jury of their peers that they broke a law that existed at the time they broke the law. The default should be they keep their bonus and if they broke the law, they pay a fine. Fortunately they are protected by the constitution, there is no possible way the government can take their money without a trial.
The bank shareholders are not getting made whole, and the bank management have lost their jobs.

The only people being bailed out are the depositors, who were not being irresponsibly risky.
This is a direct path to a central bank (digital) currency that they are the depository institution for individuals.
I have started making bash scripts for converting various backup snapshots from one tool to another. So far I've covered:

- Borg to Restic
- Borg to Kopia

They work quite fine, though Restic and Kopia lack the ability to change the root directory of the backup so if your script extracts to a unique temporary directory for each snapshot then you got some confusing output about no files being cached (Kopia) even though it technically deduplicates them quite well. (I suspect Borg doesn't have that ability as well.)

Haven't published them yet but I think I will sometime this year. If somebody pings me I'm very likely to work on them a bit more and publish them though.
.nes is the extension for a NES ROM.

Given you have a NES ROM named “mario.nes” in your current folder, you will play that ROM by executing the full command.

It literally reads the ROM file, what cat normally does.
Thanks for pointing me to this!
CoPilot Review: My Thoughts After 6 Months
Is there a reason why startups or VCs burned by SVB wouldn't go in on forming a credit union for a successor? Even if it's not safer, but for the access and transparency of being more than customers?
Not sure why you’re being downvoted, that analysis is correct.
That's a fair clarification and that is what happened, but to be clear, when I said they asked it to be thrown out, I was referring to the prosecutor asking the judge for an acquittal.

That's... not normal. And the judge praises her for this, specifically. I assume he knows more about the total situation than most of us and would generally defer to him on that point, since he's obviously no fan of this farce.
There have been stories about the one SV honcho asking his portfolio to check their money at svb days before the chaos. Leading me to wonder; are there any laws or regulations against tipping off your friends that the bank you work at is in serious trouble? What happens when some depositors have insider information allowing them to act well in advance of a bank's problems becoming public? Aren't other depositors put at a disadvantage?
This is from the top HN post:

> Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.
SVB - Time to Panic?
Perhaps in some cases, but the venture money deposits could be used collateral for loans, giving the startups access to even more capital.

So the bank was drawing in startup clients with these nontraditional loans while requiring that they deposit the venture money with then for surety.

It wasn’t just coincidence that they were so disproportionately in one sector and had such a share of uninsured deposits. It was their strategy. It just backfired when that venture money tightened up, and finally blew up when the money spooked.

People are focusing the TBill thing thing because that side of the story broke first (and was amplified by VC PR) and glosses over the part that implicates how the startup sector was using them.
It wipes out losses accrued up to March 12, 2023 on eligible securities, for one year. It's taxpayer funded. Terms are super generous: only a 10bp premium. It's at least a bailout for one year. It may or may not get extended.
Thanks for the productive discussion. I think I got my general point across but I want to make a couple clarifying comments.

>This is literally why government agencies like the BLS, Treasury, et alia exist and hire economists and statisticians to address such questions. Whether or not Congress listens or allows them to do their jobs is another story.

Most policy and politics isn't decided on the basis of financial ROI, even when it is available. I think it should be more of a central driver. Basically nobody is making serious arguments that student loan forgiveness will lower taxes. Same with SVB. Im sure the FDIC has an idea of what the deposit write-down is, and maybe the total number of employees at those companies. They have no idea what the long term impacts and ROI would be. Even the founders of those companies don't know if they will be successful and the total taxes paid over the future lifetimes of their corporations. If you think this is simple and known, we simply disagree on the facts.

>This seems backwards to me. Moral hazard and (lack of proper) incentives are the root cause. If you don't like the government needing to step in to help people, then you should consider these your top priority.

I think I could have been clearer here. I'm saying moral hazard and incentives are secondary when deciding if account holders in this specific instance should be made whole.

I agree fixing the root issue is probably a more important problem, but again separate from what to do with the account holders.

By way of analogy, if you have a car crash on a dangerous road, what to do with the car and how to fix the road are separate questions. Maybe the ROI on repairing the car is bad so you write it off, but it still makes sense to fix the road so you don't have more crashes.
in plenty of jurisdictions, you could not call it an e-bike without it being electric assist rather than primarily electric.

It doesn't sound like you have an e-bike, and an e-bike definitionally then has pedals
E-bikes have pedals. If it does not have pedals, it's a different type of vehicle.
I like it, and especially compared to the US it's a huge upgrade
Is Rust as widely available on computing platforms as C?
Did you read the article? From the article: "One thing to keep in mind is both Ms. Izurieta’s and Mr. Becker’s 10B5-1 plans were adopted just a month prior to the sales occurring, and these transactions appear to be one-time in nature. They’re arguably open market sales masquerading as 10B5-1 transactions."
Many CUs participate in 'shared branches' which allow the member to walk in to other CUs and bank with their home CU. Maybe there is a participating CU near you.

This lookup tool indicates there are even international locations.

https://co-opcreditunions.org/locator
Same reason people listen to coffee shop chatter as background noise, or keep the tv running.
I think that's dubious. If management can make off with enough money prior to being wiped out, and it won't be clawed back, then there's still potentially a moral hazard at hand. So what if we lose the bank! We'll make off with millions anyhow, by investing other people's money imprudently.
I would say that syntax highlighting, including flagging syntax errors in real time, is not useful enough to me to incur the overhead of linting the code in real-time, these days often requiring a language server. I have my editor set to lint the code on save. Other programmers may find real-time syntax checking useful.

Showing possible syntax errors in the code during editing doesn't require full syntax coloring. I understand that syntax coloring can also show syntax errors, but the two features are independent, and you can flag errors without turning the editor window into a kaleidoscope.
Maybe it’s a function of dishes per day, but two makes sense from having lots of dishes in a single day, or one for large pots and pans should that be ok in your world.
The house that came in the mail
Are you limited to the US?
Do Prostitution Laws Affect Rape Rates?
Pretty sure Adam Smith never used the term capitalism.
Mine works fine? It feels like a heavy bike, which it is, of course, but it's still very much an adequate bike.

Given that ebikes are more efficient than bikes, and bikes are more efficient than walking/cars/trains, the ebike seems like a fantastic piece of kit.

(Plus, the added benefits of cardiovascular exercise, which it has been shown is still present in ebikes.)
> Powershell is also cross-platform

I was replying to your "Microsoft based" comment. And yes, powershell is also cross platform and open source.
None of that addresses my point, which is that implicit in your argument is the premise that being pro-Tory, or supporting Tory positions like opposing lockdowns, makes one not respectable.
Founders Fund hasn’t invested in Mercury

List of investors here:

https://mercury.com/about
Should regulators bail out Signature bank depositors too? Crypto banks there
The Nanotube Compiler and Framework