skysight-inc/HackerNews huggingface dataset:
“Depositors will have access to all of their money starting Monday, March 13.”

So, they can all go tomorrow morning and withdraw/transfer their money out of SVB?
9 more are on the edge.
I'm not quite sure of that interpretation of the text. Here's the quote:

> We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority. All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer.

To me, that last sentence about SVB is distinct and separate and not implying that the previous sentence about Signature depositors applies to SVB. But you could be right as well, I don't think it's clear.
From the abstract:

Here, we present Codon, a domain-extensible compiler and DSL framework for high-performance DSLs with Python’s syntax and semantics. Codon builds on previous work on ahead-of-time type checking and compilation of Python programs and leverages a novel intermediate representation to easily incorporate domain-specific optimizations and analyses.
There is an official name for that - Systemically Important Financial Institution

https://www.investopedia.com/terms/s/systemically-important-...
Yellen and the FDIC is in a tough spot. This is the important line, "Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law."

Thus, on one hand, I'm glad they're doing this, as it should help prevent wider bank runs, and it ensures that banks are the ones that are actually paying for it.

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.

I understand part of this is human nature but I really wish we could plan for these entirely foreseeable events ahead of time so that it's not just cases of "selective justice" with regards to who gets bailed out.
Why are you happy for the depositors? They took a risk depositing more than what was covered by fdic.

to clarify, i'm happy for the employees, workers, etc that will remain employed while their company made poor decisions. My beef is that companies knowingly took risks. Would this even be an issue if all the VC companies didnt all try to pull their money out on Thur/Fri ?
Wow, here’s the real news:

> Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.

Note the uninsured depositors clause in there — FDIC &co seem to have acted unilaterally to extend deposit insurance beyond the 250k and to the full amounts of any deposit account.

And they are charging the banks for it.

If this doesn’t stop a run on the banks, nothing will, frankly.
Wow that's so incredible. Thanks for putting this together!

Do you have any machine specs associated with this? Can an old-ish Macbook Pro run this service?

I'm also curious, since I'm new to all this — is it possible to run something like this on Fly.io or does it take up way too much space?
Fed announces emergency lending facility to shore up US banks
PBM's are definitely CE's under HIPAA.
Whoever said that doesn’t view inflation as something borne by taxpayers.
Just 1 thought:

Elites feel like losers, because they set high standards for themselves. High standards come with respective advantages, but also drawbacks. The end.

The rest of details can be filled in by individual experience and standing. Some people keep raising their standards, and are never content. This means that even as their skill rises, they still feel like losers, because they keep moving the goalposts.

I think everyone should aspire to high standards, but also find a reasonable stopping point.
My Ubuntu desktop has 64 gigs RAM, with a 12G RTX 3060 card. I have 4 bit 13B parameter LLaMA running on it currently, following these instructions - https://github.com/oobabooga/text-generation-webui/wiki/LLaM... . They don't have 30B or 65B ready yet.

Might try other methods to do 30B, or switch to my M1 Macbook if that's useful (as it said here). Don't have an immediate need for it, just futzing with it currently.

I should note that web link is to software for a gradio text generation web UI, reminiscent of Automatic1111.
Furthermore, the banks will pay for it:

> Any losses to the [FDIC’s] Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.
That inspired me to give it a quick try, however the assumption that white on bright white is a readable color conflicts with the need to make them the same color for other software that I use (which only use eight colors and I want white to be white). I'm guessing this might be configurable for anyone sufficiently interested.
Correct me if I am wrong, but that's actually a smart move, because the securities cover these liabilities, no?

AFAIK, SVB has securities that are currently rated below their nominal value by the market. But these securities will reach their nominal value just before they expire, right? Essentially the fed is just offering a loan on these securities and values them at their nominal value because the fed doesn't care about market prices?
I think your feelings are valid.

Solution architects get credit because they have responsibility and ownership of the solution being delivered. They also design their solutions with a number of constraints. So the solution might not be the best from your point of view, but it is the solution that will deliver business value in the set amount of time for the set amount of money with the set development team in place.
People cry out for socialism. Then when they see it in action the response is “Oh no, not like that.”
>Animals

will be interesting to see how that works with less common animals.

I can see it getting confused with, for example, a capybara, thinking it's a dog, and filling in the details making a picture of a weird hybrid dogybara.
The depositors were largely those with means to manage risk but not doing so. Surely you mean you're happy for the workers, clients, contractors, etc., not the depositors? Right? The backstop was sold on the backs of those people, and if they're not the overwhelming beneficiary it means the depositors might not have been totally honest with us about their motives!
I think they should've waited a day to see if a buyer materializes. (Although ironically, if the government "backstops" SVB's deposits, it might make it easier to find a buyer...)
Lots of people like the extra checks, but very few companies like paying that way; it makes modeling so much harder. If you were doing weekly financials maybe but most companies do monthly.
I'm very ignorant on the subject - what else would they do with the money?
The big, big banks (Chase, BofA) are too big to fail and are also subject to more thorough stress tests. That's one option. You could also deposit in multiple banks to stay below 250k. There are institutions that automate that.

Another option is to deal directly with the federal government and buy bonds from them (likely through a bank but your money doesn't have to stay there for long). Then only the most catastrophic scenario would see you losing money. You are still subject to inflation and interest rate risk.

But honestly at that point, worry about having guns and knowing how to use them, not where your money is.

One last edit to add that Treasury is making all depositors whole. So, really, all of this is moot... besides the guns :)
I have written a bunch of nu and: no dot method syntax means you need to browse documentation for literally everything. So much worse than your average programming language, which takes the data type + you enter a dot = it suggests all the relevant methods. The Nu docs are better than they were a few years ago but as far as I can tell they keep changing command names, having subtle changes of behaviour for commands with the same name but apparently different implementations for different data types, having a crucial command listed under a weird name that takes an hour to find, etc etc. If I need to wrangle some JSON again I think I’ll just use Python.
Hi, let me introduce you to "Anyone with the link can edit".
Anton Petrov https://youtube.com/@whatdamath
This is a reasonable middle ground. Depositors are made whole and taxpayers aren’t on the hook directly (although this will filter down to them in aggregate in a de minimis manner).

To those with large amounts of fiat hanging around: please don’t fuck around again. Spend a few hours with your finance team to minimize risk. It is straightforward and well within the means of anyone with these cash or cash equivalents on hand (sweep accounts, short dated treasuries, etc). Build it into your runbook. Costs are minimal, consider them an insurance premium.

Edit: if you don’t have a finance team, you can get the same help from a contract finance professional. There is some responsibility that must be taken.
It’s simply unrealistic for businesses to not exceed the $250k insurance limit.
We can't replay history, but maybe if they had a CRO, they would not be in this mess. They had time to set bonuses, they had time over the past few years to lobby for looser regs, but apparently a CRO was just too much bother.
People can work fast when it matters. https://patrickcollison.com/fast
I see so we're yet again moving the goalposts you set and now moving on to additional criteria like whether chance was involved. On the contrary, I would say quite a bit of uncertainty was involved, especially since a lowest uncertainty option was outlawed.
Please, do us the favor of drawing the through-line between this action and inflation.
a stern talking to is in order
I take Treasury statements at their word, and I'm not sure why you wouldn't too. We'll find out the details soon enough.
Paying adults more forces companies to focus on value, and to work that contributes to the economy.

By travelling around, I was surprised by the non-sense and the lack of efficiency of the economy in some countries.

In some places that are 'developing', citizens were working as hard of harder than in wealthy places. But most of them were in non-productive jobs, like security agents to just guard a few houses, tricycle driver (when ppl could just walk), train platform monitor (in the Philippines, I was annoyed because there was someone at every platform, like a lifeguard in a swimming pool, but to make sure you weren't stepping to close to the edge),...

Often, workers are even trapped in cheap labour ! Western companies outsource in some places just because it's cheaper, and hire nothing but unqualified workers as long as they accept low wages.
These branches would never hire qualified workers or uni graduates, because they're just there for the low wages.

So we need to increase the salaries, and make sure children have access to education and better jobs.

Also, "it just ensures the ones that can't afford to do that go bankrupt" is just basic capitalism and market economy. They been pushing that on us for decades. According to the media, it was the only alternative, and the key to a better world.

Why would that be different, when the market conditions impose a better wage ?

Why are the republicans suddenly moving the goalposts ? Do they mean they were wrong ?
Best not to engage in their sealioning.
Wire transfers?
So, is this a bailout, that we are definitely absolutely not calling a bailout?
This special fee will most likely be passed onto bank account holders either through lower interest rates or higher fees, so most taxpayers with bank accounts will likely be affected indirectly.
The fuel needed to get to take-off speed is a tiny fraction of the fuel needed to get from take-off to altitude. In practice, the benefit is for runway length only.
I wonder what will be the first year when most of the meaningful comments on hacker news will be AI generated.
Who's paying the bill? Are they benefiting depositors at the expense of other creditors? Not clear from this press release.
I'm looking for features like external terminal, mosh and ipv6 supports which will make a difference from other existing products. Otherwise it doesn't make much sense to migrate from excellent terminals/ssh clients like iterm, putty and mobaxterm.
> classic backtracking problem

Literally in the parent post.
> One of the other sounds I created for the Mac is the one you hear when you take a screenshot (press Cmd-Shift-3). This is also more well-known as the sound you hear when taking a photo on the iPhone and iPad.

> It is a recording of my trusty old Canon AE-1 from the late ’70s.
Only 300,000 depositors lost access. Considering the population of the United States as a whole, this seems like a pretty isolated and small incident, when you compare it something like the 2008 failure.

What makes you think this is sufficient evidence to claim that they are no more safe than banks?

Have there been other CU failures of note since 1990? (33 years ago)
So we have a bailout. In case you missed it, SVB successfully lobbied Congress to weaken dodds regulations. So in a way, similar to 2008, Main Street pays so the rich will not loose their funds.

https://www.theguardian.com/business/2023/mar/11/silicon-val...

https://fortune.com/2023/03/11/silicon-valley-bank-svb-ceo-g...

https://www.dailymail.co.uk/news/article-11847295/CEO-collap...
"...Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law..."

Is this what passes for a FED press release? Which law? Clear as mud. Did the Fed just established an infinite deposit insurance coverage in the US?
I can't believe we're on day 3 of this and it still has to be explained. SVBs depositors were mostly companies. Companies don't go to new banks every time their account balance reached $250k. If these deposits were not honored thousands of companies would not be able to make payroll.
Before I spend a big pile of CPU time trying to find a shorter BLC self-interpreter, why won't it work?
Buy treasury bills?
That's a very plebian take on elite social dynamics. The truth is, if you ever feel like some social signalling is pointless, you've reached the limit of what you know about the social situation. True, most people at the top of the social hierarchy have very ego-motivated my-way-or-the-highway mindsets but most of these people are still pressed down by someone else that owns them for some thing or other. There's always someone on a higher rung ready to scoff at your progress. People that do reach the "top" often do it do the detriment of their own original goals and end up getting eaten by the process of reaching the top and either become spiders weaving social webs endlessly to some arcane end or get toppled off. Only the plebs have the luxury of relaxing without a care in the world.

Also, doesn't help that tech is so advanced that assaulting our senses is now a question of "how often" and not "how".

Of course, there's about ten different definitions of "elite" ITT and the article's muddy writing doesn't help either.
> they could snipe ML away from nvidia.

If Nvidia announced tomorrow that they were cancelling every datacenter deal they had, open-sourcing CUDA and publishing their entire patent library to the creative commons, I would still not believe you.

This is a fun project for people with Apple Silicon machines who want to participate in the AI happenings, but I don't think you can warp it into a call for Nvidia's head. Let's wait until Apple pulls the curtains on their rackmount Mac Pros, so we can compare it with Nvidia's ARM server offerings: https://www.nvidia.com/en-us/data-center/grace-cpu/
So taxpayers will pay, but through their bank deposits and mortgages?

It's hard not to see how this will be "private the profits, democratise the losses".
While this could be achieved on the frontend with jQuery + plugins (or even vanilla JS, let's be honest) I think you're not remembering how cumbersome and error-prone building forms / complicated flows was without a dedicated framework. Speaking from experience, I believe Backbone.js was the first time I felt confident building state based UI on the web. Newer frameworks (first Angular, then React/Vue since then) have upped the stakes.

Honestly, my problems as a developer generally aren't with the frameworks (I'm mostly defending Vue here, as I find it predictable and easy) but with the build tools, which have gotten a bit out of hand and always feel brittle.
Almost like there is little difference between the major parties on economic issues.
This started a bit of a competition, some other versions of the same proofs in Agda and Lean are linked from here: https://mastodon.online/@nomeata/110004145921681756
idk if the numbers exactly add up here or if there are other sources of funding but the I in FDIC is Insurance, which is already paid for - the FDIC has money from insurance premiums to cover expected cost of losses
No. How to choose to support yourself is up to you to figure out. 3 bad jobs, one good job, you’ll have to figure that out.
This looks really cool! How many gigs is the model that's installed this way? If it's large it would be nice to include a disclaimer.
The secretary of transportation is far too high up the chain to know about the minutia of train brake regulations. There is a whole federal agency that deals with train regulations which is one of the 10 agencies that report to the sec of transportation.
No, it was because they sold the bonds at a loss, triggering a loss of confidence and a bank run.
Is the idea that we think the punishment factor makes the explanation somehow more reliable? Why would that be the case? It’s kind of a dark idea.
In cases where you can't predict the future appropriately, sometimes it's better to make prudent decisions that help everyone instead of attempting to punish the sinful.

Keep in mind that bank shareholders and senior management are going to get wiped out and fired.
> Unless you are hiring people to program chess sets, the question in the article is foolish.

Ever heard about word “abstraction”?
I'm just curious, who was running the investment / risk team at SVB and why should they get a pass for doing such a terrible job?
Really? I have friends - normal tech employees - who were telling me they were clearly at risk for not getting a paycheck. I think the story is quite a bit more complex than you say.
A new car and a couple of smartphones don't make up the difference to pay for an extra room in a house.
They don't, they got fired already.
When the Fed says this

>“depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.”

It's largely undone by this

> “any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.”

because that just means the costs will be paid by all U.S. banks which means it comes out of bank fees/costs borne by U.S. banking customers (ie almost everyone).
The balance sheet hole is likely to be relatively small.

> Are we all going to pay in lower deposit/investment interest from banks? Are bank shareholders/profits gonna eat it?

Some combination of this, I think.
More printing? How can they honestly simply announce all money will be there tomorrow. Where is the money coming from? Are they going to charge every other bank some cash portion of the 208 billion? Or are they going to create more money and cause inflation
If anyone is interested in running it on windows and a GPU (30b 4bit fits in a 3090), here's a guide: https://gist.github.com/lxe/82eb87db25fdb75b92fa18a6d494ee3c
It will be a special assessment on all banks as required by law. So all the other banks who didnt take these risks get to cover the difference that SVB cant cover. Unbelievable.
Maybe he was bluffing because he knows dead hostages are worse than live hostages?

If you can stomach Quarich being okay with being reborn into the thing he hates the most, or everyone important that died in A1 being reborn, or the fact humans don't simply nuke the Navi from the orbit, or the fact that unobtanium is not as important as miracle whale oil, .... then Quarich bluffing and being called on it and then trying to repeat the bluff is not SO far fetched.
Yes, every part of the economy is indirectly connected. Profits are also democratised via income and capital gains tax, even if it's not at a high enough level that people feel good about.
Hey, good news btw. Great, actually. FDIC just announced all depositors to be made whole on Monday morning - and at no cost to the taxpayers either! The lag between the immediate payout to depositors and the eventual recovery of value from SVB’s remains seems like it will be covered by the Deposit Insurance Fund, i.e. the cost will be spread out to all banks.
Wonder how it applies, if at all, to credit unions.
The aim here is less about the types (like you say, any string will be valid) and more about autocomplete. When you start a string literal, you can technically type anything in there, but certain answers are more "correct" than others - i.e. these theme colour names. This technique allows you to tell Typescript-as-LSP which names it should suggest, while also letting Typescript-as-typechecker know that other options are also allowed.
https://www.intrafinetworkdeposits.com/
How is this not a bailout?
Agreed in principe but we live in the real world.

GUI apps are ever more bloated and often aren't written for power users (many shortcuts etc). Sure they can have all those things, but they don't. Also, UI designers are really strong trend followers meaning their apps will waste a lot of screen real estate and are often white on light gray right now because that seems to be the current fashion.

Also running apps remotely with a simple and fast interface is often really a big plus.
Regulators Close New York’s Signature Bank
He might have to get the normal sized swimming pool instead of the olympic one.
The equityholders in SVB will get wiped out. The folks getting made whole are those with (supposedly safe) bank accounts. They were not taking wild risks. They were putting their money in a bank. Just because some asshole VCs have money in that bank as well you think all of the other small businesses and their employees should be thrown to the wolves?
Did you foresee this?
Yet another new precedent by the Fed and FDIC. All depositors are now guaranteed their funds if a bank fails.

This is the definition of Moral Hazard [1].

[1] https://en.wikipedia.org/wiki/Moral_hazard
The united states has almost universal unemployment insurance. If your paycheck doesn't come you'll get a check soon.
There is some sense in which this is true, but the systemic risk exception which they are invoking was always on the books.
> No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.

Unless you’re a taxpayer with a bank account.
Best name for a software project I've seen in a long time hands down!
Yes, if the bank isn't acquired then the assets will be liquidated and depositors will receive most of the proceeds. They are relatively senior in a bankruptcy process.
Yes, I have found 65B quantized to be more nonsensical than 13B unquantized.
This is exactly why I made it, in fact a lot of commits in there are wfwefewf, frefrregre, stuff, wefewfwwefew

Every time I'm tempted to figure out how to squash/collapse the entire history down to a single commit and then always use that script.
Yes, daily driving it (it's my default shell in zellij), and have ported my use-every-5-mins scripts to it.

It's VERY refreshing, but I still have issues with it not short-circuiting when an error is thrown in a loop... Which I suspect will get fixed in time...