skysight-inc/HackerNews huggingface dataset:
Exactly. Somebody has to eat the loss, maybe depositors, maybe the taxpayer.

And somewhere, someone (some many), was on the other end of those trades - or not on the other end of trades that should have been made, and has made a gain.
I don't want to go into this kind of discussion but even if Poland is uber conservative and extremely religious (which I don't agree with), it doesn't change the fact that socialism is an antiutopia, a fable.

If you get a chance, please ask these women what they think about it (if they are old enough to remember).
We do not know what specifically they are going to do. Helping depositors may just mean expediting the recovery process even if there is a 10% haircut. It could mean something else. The government forced the sale of countrywide and other companies so this would be no different.

Also the term "too big to fail" comes to mind. Isolated risk vs systemic risk. Which one is it now? We can have opinions but Yellen may have more informed data about the gravity of the situation. It does make sense for governments to intervene in systemic risks such as this and covid.
Starch mixed with congealed fat just doesn't make the right texture or flavor :)
Plus you get beta-glucan which helps with cholesterol.

See eg

https://pubmed.ncbi.nlm.nih.gov/10749030/

> Consumption of oat milk for 5 weeks lowers serum cholesterol and LDL cholesterol in free-living men with moderate hypercholesterolemia
this is way too contrived not to be an inside job.

the only people dumber than those who believe this excuse are those that invested in it. 10/10.
You are a materialistic person who pretends you are better than others by denying reality. Feeding yourself and family in your view is being materialistic while usually that word is reserved for someone pursuing pricy things like fancy cars and houses as a way of life which obviously no one suggested in this thread.

> i am staying away from people who try to push their worldview on me like you are doing now

To the contrary, it is you who are judging others and avoiding them as a tactic to push your "holier than thou" worldview. If you said you don't want to work at a company for whatever moral reasons, I have no objections or opinions on that, the subject here is that you think others should fall in line with your world view. I am not telling you that you are wrong, I am telling you telling others where they should work or judging them based your very subjective beliefs in morality is wrong. Your alienation of others to get them to follow your moral code is my disagreement.
Yellen was the 11th President of the Federal Reserve Bank of San Francisco [1]

Current president is her protégé [2]

Greg Becker (SVB CEO & president) was in SF Fed board of directors [3]

"It's a big club, and you ain't in it."

[1] https://en.wikipedia.org/wiki/Janet_Yellen

[1] https://en.wikipedia.org/wiki/Mary_C._Daly

[2] https://www.reuters.com/markets/us/ceo-failed-silicon-valley...
ADHD App for Water Intake
automatically add water to healthkit without the need of remembering of adding. no more manual data entry of your water-intake. know really how much you drink.
> FDIC insurance is not infinite. Not understanding that is no fault of the rest of society.

I hope you realize FDIC insurance isn’t even guaranteed to be $250k. The FDIC is funded by member fees and can only cover a very small amount of “insured” losses. If it goes beyond that, depositors would need a bailout.
I don't think she is saying (as of the article) that depositors will get 100% back. They will get help but could be with a haircut.
Love that one of the conclusions is “we need a better UI”. Because of course it was their technology that failed them, not their people.
This is something that has changed a lot from when I was in my early 20's to now in my mid-50's. Not just the passage of time, but also the fact that I now do contracting/consultant work, where I know that every employment is temporary and I am looking for a good match for me as much as I am trying to convince them I am a good hire.

In retrospect, in my youth I should have spent a little less time hoping I got the job, and a little more time reminding myself that I am wanting to find out if they are a good employer (more shopping mindset, less selling mindset). Not that one should be arrogant or anything, of course, but the interview should be working both ways. Also, in a phenomenon oddly similar to first dates, not trying so hard to sell yourself makes you more interesting to the other party, which means you do best in an interview when you need it least (life is not always fair).
18-Year-Old College Journalist Could Bring Down Stanford University’s President
Honestly I don't think this has gone away, nobody I know likes skim milk and it's a pretty universally joked about topic in my circles.
All the Ops
My mother went to a Fabergé exhibit in the 1980’s, and her impression of it was “When you looked at those things, you could tell why they had to have a revolution.”
Paid out to the limit set up by FDIC rules you mean?
you can add Dr Dobbs to that list.

See https://news.ycombinator.com/item?id=8758915 for the 'end of it'
and for the archives https://archive.org/details/DDJDVD6 or https://archive.org/search?query=creator%3A%22Dr.+Dobb%27s+J...
BusinessInsider[1] has a different view:

>About 37,000 customers accounted for nearly $157 billion or 74% of the bank's assets with an average account size of over $4 million

So it seems the opposite is almost true, because the accounts are valued so high with generally more flexible account holders, they're able to move swiftly

[1]: https://www.businessinsider.com/how-silicon-valley-bank-impl...
That's basically what i was saying. It's close to human capability.

I don't really know how to explain it, but to me we have at least two kind of reasoning, swallow and deep. LLMs could well be capable of the first.
Or we could just go with CBDC give everyone government paid 0-interest account at central bank. With zero risk to lose the money. As it could truly be cash equivalent while being there.

Then if people want more they could get account somewhere else, but fully carry the risks from that.
The DeLorean Tesla
> If the insured sues the insurance company, the company can bring their engineers as witnesses to explain how the denial logic has been coded.

Sometimes I wonder how useful this option is in practice. The British Post Office scandal [1] is a rare example where engineers actually were called as witnesses to explain the logic of a complex enterprise software system with legally significant consequences. The cost of just getting to the 313-page judgment addressing the technical issues [2] was astronomical. Some of the hundreds of wrongfully convicted small business people had gone to trial and tried, but failed, to discredit the prosecution's expert evidence that the software was reliable. If the decisions had come out of an inscrutable LLM, it might have saved a lot of trouble.

[1]: https://en.wikipedia.org/wiki/British_Post_Office_scandal

[2]: https://www.judiciary.uk/wp-content/uploads/2019/12/bates-v-...
Yellen is suggesting they will, but there’s no details yet.

I don’t believe the FDIC has the legal authority to do so, but it’s highly possible that the treasury and/or Federal Reserve can cobble together some ad hoc legal justification.
The same people clamoring for a bailout, Silicon Valley + VC, funded billions of worthless investments into crypto whose largest exchange lacked basic cash and customer asset controls. Why should anyone believe them? SVB is failing and reopening on Monday. Where is FTX? Bailing out the wealthy and their worthless companies is not a good look. Let them take a haircut (which is unlikely except for the largest depositors) and incentivize them to build a better, more robust financial community.
“Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out . . . and the reforms that have been put in place means we are not going to do that again,” Yellen said.

“But we are concerned about depositors, and we’re focused on trying to meet their needs.”
The Debian snapshot server only has copies of every Debian source/binary package going back to 2005 :(

https://snapshot.debian.org/

There are copies of the older releases on the archive though:

https://archive.debian.org/
I see.. it's bit confusing, since there's an existing project in the same space (https://github.com/jerson/pgrok). It's even linked on the project above via the awesome https://github.com/anderspitman/awesome-tunneling list, I don't know why this is necessary.
Because the officers of the bank are guilty of maybe 10% more garden variety bank greed than the average bank, while the real criminals here are the Silicon Valley CEOs who conspired to start a bank run and within 24 hours were demanding taxpayers fork over billions to clean up all their mess.
Too bad the rp2040 doesn't have an external RAM interface. Would make for an excellent single chip, instant booting computer experience.
I don’t think office vs. cube is really a debate - most people that like cubes would prefer an office if they had a choice. It’s just that offices for everyone would be prohibitively expensive (for most companies), and probably not even possible in the floorplans of most commercial office spaces.
> This isn’t “bank fell apart due to bad loans” this is “bank fell apart because money is locked away for 10 years but is basically guaranteed”.

They fell apart due to greed. Not being satisfied with low short term rates that matched their short term liabilities.

They gambled on longer durations and got burned. It’s not the tax payers responsibility to cover their gambling losses.
That's all well and good until a "too big to fail" institution fails.
Try out DAN (Draw Anything Now) and their new Discord bot which allows users to create AI generated images using more than 20 different models within their Discord server. 5 free images per day, additional credits may be purchased with cryptocurrencies.
Exactly, none of them are pointing out what percentage of the money that is currently tied up was going to be sent out as payroll for people making under 100k/year over the next 30 days.

If the Fed came out and said "We have reviewed all the depositors and their situations and we are funding 100% of payroll and basic operating costs needs for the next 90 days" The VCs would immediately come up with another reason why ALL depositors need to be made whole immediately.
https://emergencemagazine.org/
Sum of Same-Frequency Sinusoids
Where did the 3-7% of accounts number come from?

According to [0], regulatory filings disclosed that 85% of deposits (not accounts) were uninsured.

[0]: https://time.com/6262009/silicon-valley-bank-deposit-insuran...
> nationalize the big banks.

That would be a good idea. If bank is too big to FDIC to absorb and "too big to fail" and it fails it becomes Treasury owned overnight.

For example Paul Krugman agrees.
https://www.nytimes.com/2009/02/23/opinion/23krugman.html

>What Alan Greenspan, the former Federal Reserve chairman, and a staunch defender of free markets, actually said was, “It may be necessary to temporarily nationalize some banks in order to facilitate a swift and orderly restructuring.” I agree.

>The case for nationalization rests on three observations.

>First, some major banks are dangerously close to the edge  in fact, they would have failed already if investors didn’t expect the government to rescue them if necessary.

>Second, banks must be rescued. The collapse of Lehman Brothers almost destroyed the world financial system, and we can’t risk letting much bigger institutions like Citigroup or Bank of America implode.

>Third, while banks must be rescued, the U.S. government can’t afford, fiscally or politically, to bestow huge gifts on bank shareholders.

... >Still, isn’t nationalization un-American? No, it’s as American as apple pie.
Vaporware of not, I do like that!

To my eyes, the Ioniq 5 [0] has the most interesting styling of the current crop of EVs, and this takes similar ingredients and runs with them further towards a gamer/dystopian/cyberpunk vibe.

[0]https://www.hyundai.com/worldwide/en/eco/ioniq5/highlights
Who do you think helped Tesla survive?

"Taxpayer Subsidies Helped Tesla Motors, So Why Does Elon Musk Slam Them?" - https://www.motherjones.com/politics/2013/10/tesla-motors-fr...
Hey, the FDIC coould raise the limit to, say, 10 million, and just let the FED reserve print out the moneys to everyone.

Not much different than what the US government is already doing. Reached the debt limit? Just raise it again, lol.

/s
They can call this milk all they want, but they can't call this dairy.

The comments I replied to were discussing the likelihood of this stuff sharing the same floor area with dairy products.
> Investors like Ackman and Cuban seem so concerned about payroll for tech workers.

They weren’t calling for a bailout of SVB. They were calling for protection of depositors, which is what Yellen is trying to make happen.
Leaving aside the question of whether that combination of images is novel… In your example, all the proposed novelty is specified in the prompt. ChatGPT didn’t come up with it, you did.

> Isn't it pretty much what any person would do, mash up some related words?

Yes, that’s exactly what chatgpt does, and it’s what many humans do. But to be analogous to your initial example, there should be another person who actually came up with the instruction specifying which words to mash into a poem. The word-masher, whether human or chatgpt, is just following the instructions, not coming up with them.
What’s the news value of a two-day old article in a situation that has evolved a lot since then?
Banks are too big to fail - until they aren’t.
You live inside your printer (lp0)?
What are the 'costs' of ensuring that depositors have their money, while taking over long-term SVB investments that the government can wait out?

Net present value is a well defined concept. No need for scare quotes.
Apple supplier Goertek says VP leaving company after he sounded alarm on China
Let me give a slightly different explanation: if you look at the capitalisation of the global market of consumer's household budget reserved for education and entertainment vs the capitalisation of the global market for company's budget reserved for advertisement it is a two order magnitude difference. I don't remember exact details but it was like 1 trillion vs tens of trillions.

Like even if you wanted the sell consumers their entertainment you don't have the same budget as someone giving it away for free.

There is no easy fix for this, the information economy has reached the point of post scarcity and you don't really want to fix that.
He wasn't talking about SVB but the other 500+ small banks that failed in the last 15 years.
> The internet is supposed to be open and free,

Ok

> and you shouldn’t be afraid of being monitored.

If it's open, people will see you. Don't be afraid.
If you make it so people don't need money to live, they'll invent a new currency. People are hardwired to barter.
I think Yellen is signalling the right approach, frankly. First, the balance between the bank's assets (its loans and the investments it made with depositors money, plus the bank's capital) and its liabilities, is such that SVB has enough holdings to cover nearly all of its deposits. The banks capital (that is its equity, and subordinated debt) should all go toward making depositors whole. That's what bank capital is for. The question then becomes how much of a hole is left in order to make depositors whole? It won't be that big a number, if you assume that the vast majority of the deposits will remain as deposits in whatever bank the Feds find to purchase the corpse of SVB - remember, that SVB failed not because it it had a huge mismatch between liabilities and assets, but because its depositors tried to withdraw all their money all at once - that is because SVB was put in a situation where it had to make good on all its liabilities in a 2 day period. It couldn't do that, because its assets were tied up in loans to other customers which couldn't be instantly recalled, and government bonds which couldn't be sold quickly enough without incurring substantial losses, and its own capital. It became illiquid overnight. But the actual delta between assets and liabilities may well be a few billion dollars, if the deposits are not all yanked out. For the Feds to put up that money as part of a deal to sell SVBs portfolio intact to another bank, makes good sense to me. The right people (investors in the bank) take the haircut, the depositors get their money.
Yellen says gov't trying to meet needs of SVB depositors but dismisses bailout
If it kicked up dust, would the dust keep going, or would the Moon’s gravity pull it back to the lunar surface quickly? I have no idea.
I guess the biggest (and only?) drawback is that it (presumably) requires a Cloudflare account to use. So if you're living in Iran, Syria, Lebanon (and some more) you're out of luck as you cannot have an account with Cloudflare then.

Otherwise it looks like a nice offering for sure.
Our population isn’t really growing though. We are actually facing a population growth crisis in the USA and most other developed countries. Malthus seems to have been very wrong and human populations curb their reproduction and don’t just do exponential growth forever.

https://www.census.gov/library/stories/2021/12/us-population...
Socialism, by definition, is the public ownership of the means of production. Governmental regulation certainly could be a mechanism for that, but unless I am misinformed, it is not the sole mechanism available.
Because there are tons of people, including in this very thread, who are confused and calling this a bailout.
There is risk of it being locked up for some period. Specially if the system gets busy and there is multiple banks failing at one time.
Transcript: Treasury Secretary Janet Yellen on “Face the Nation,” March 12, 2023
I'm surprised to not see a lot of one-time payment web apps. With my side project - https://gifmemes.io (shameless plug), I've experimented with Google Adsense and in a month, it made on about 5 % of what I got from one-time watermark removal payments, so I've turned it off. I've thought about experimenting with subscription as well, but just found it too repulsive for that kind of project.
I think I'd like to fork the language and write one with sane guidelines.
> i can't avoid paying taxes

Yes you can, you get sent to prison though. And you can choose to get paid less then that means less medical care, more suffering in other ways,etc...

What you are saying is the suffering of prison is too much but other suffering other people have to endure is not so bad so in order to comply with your moral code, they have to accept the same amount of suffering you can accept.

A moral code that is worth getting paid less but not worth prison is not only cheap but very much hypocritical when you hold others to it. "Suffer what is right but only up to my endurance level, not more and not less".
This feels like the financial version of, “front end feels too complicated. Let’s make it simple.” And then they re-discover all the hard fought lessons one by one until their framework is complicated too.
Yes you're correct. Another poster has detailed the process, but most of the depositors monies will be paid back in due time.
For the downvoters... "International Monetary Fund - What Is a Bank?" - https://www.imf.org/external/pubs/ft/fandd/2012/03/basics.ht...

".... Banks are intermediaries between depositors (who lend money to the bank) and borrowers (to whom the bank lends money)..."
Could there be a shockwave through the Moon itself?
Those reforms were rolled back for medium sized banks in 2018 after lobbying from svb and others. Im not quite sure what to make of all this, except to be glad I live in Canada.
Offices tend to be bigger if nothing else and you don't need to find somewhere to have a sensitive conversation. I just think you have people here imagining that if they had an office they'd come in and just shut their door all day--which hasn't been the reality anywhere I've ever worked.
I’m hopeful that a lesson was actually learned in 2008. The damage that did to our whole society was really dramatic.
"Bailout" scene[1] from one of the subjectively best South Park episodes, "Margaritaville"

[1] https://www.youtube.com/watch?v=Axqty5jaRP0
I said exactly that.

Only that you can choose to work and live in Amsterdam, ~15 minutes cycling from work. Or Eindhoven, Nijmegen, even Enschede or Groningen. Yet many people choose to live 30 minutes car-commute (or train) from their work. E.g. because it's easier to find a place there (which suits their wishes). Reverse: I'm certain that if you live in, say, Nijmegen, you can find a job there, but many people choose to work in Arnhem, Eindhoven or Amsterdam instead travelling up and down every day.

I know. I've been there done that. In all directions.
People and businesses still need loans.

When my business gets a new order, and needs $200,000 loan we don't have to buy the raw material, we need short loan of 1-2 months from the bank. The bank uses your deposits to make that loan.
I had high hopes for Brave Browser and BAT as a way to be able to easily fund content, but it hasn't really panned out. The idea is browser integration of micropayments, with a button in the browser enabling you to pay for content via tips or recurring payments.

It's a catch-22 for a lot of content, if they ask for a subscription it needs to be enough to be worth their while (payment processing costs, overhead), but also needs to cover typical use. There are so many sites that have ones-and-twos of content I'd use, but want a $10/mo subscription or $30-50/year. It's hard as a casual consumer to justify that. But they also have to cover the serious consumer who finds value in all their content.

Why can't we crack this micro-payments nut?
You are assuming there is a magical threshold for "bribing" wealth that capitalism enables.

Second point, wealth is by definition a creature of rarity. The same is true of influence. Everyone has some degree of influence over others but useful influence is what one person has that others don't. So you can't really evenly distribute wealth over any meaningful time period. You can certainly eliminate mechanisms for relating it to other uses but then you've destroyed it.

The problem you are trying to articulate has been studied. It is actually the concentration of power that is the problem. Influence, wealth, coercion are traded by some to those that hold power in order to direct it in a way that they want -- this is called corruption.

Both capitalism and socialism are economic systems. When combined with democracy they can enable corruption because it is the concentration of power in the hands of the leaders that is the critical element -- not what is used to trade for it.

When you're looking at European socialist countries you'll find the successful ones are either low population or the power int the hands of the leaders is fairly restricted because of societal structures. Meaning the instrument isn't there. Ask soon as you scale it up it rots a lot faster than ay capitalist society.
If you're subjected to a regulation with periodic reporting, you're just not going to play and look bad on a report if you can avoid it. And you know parameters will be refreshed

SVB did lobby so it could play the game it wanted, it looks like it was a basic game from what I can read in the media.

In Europe the current test is page 5, 2023 10 year interest rate at 4.5% in the stress test, and you see that it's a moving target (nice historical graph):

https://www.eba.europa.eu/sites/default/documents/files/docu...

Incentives matter ... While regulation will not prevent failure, it helps. We already know what happens after deregulation of risk management in banking.

Disclaimer: worked for a decade in finance, including on software used for those report computations...