hypothesis

I dunno, but POTUS appears to be fine with this being described as bailout.

[0] https://mobile.twitter.com/POTUS/status/1635080376572956672

>FDIC insurance is now effectively infinite.

That clearly being the case, what does it mean for insurance premiums?

To me it seems like it is confirming the quote that he was arguing against.

Also, here is a POTUS tweet taking credit for a literal depositors “bailout”.

[0] https://mobile.twitter.com/POTUS/status/1635080376572956672

I read that SVB in fact had lots customers who didn’t want/need loans, as they were depositing loads of venture money. That was part of bank’s problem.

It could be lower interest rate on CDs and/or savings accounts, or a higher rate on loans…

I would add: while maximizing for perks from said banks.

Your claim appears contradictory to what being reported in financial news though.

[0] https://twitter.com/colbyLsmith/status/1635061613920395264

It makes sense in theory, but how is this not a license for further similar schemes?

Surely $25B is a rounding error for all major players here, given a noisy constituency, but it looks like this sets up lack of accountability...

Also, some articles are claiming that Fed is now covering all uninsured deposits, just like overnight.

[0] https://twitter.com/colbyLsmith/status/1635061613920395264

That would a reasonable ask for such a “clean” bank, especially when the upside is that there is no “special assessment” being imposed due to recklessness of other “dirty” banks.

By any chance were those largest players part of bank run on SVB?

[0] https://twitter.com/tomharari/status/1634577650856632321

Are you saying that “no losses will be borne by the taxpayer” is worded specifically to avoid saying anything about costs to said taxpayers? /s

This. “Backstop” thing is to prevent systemic collapse, but otherwise it will spread the losses to other people who “did nothing wrong”. This is really shaping up as bad lesson here for wrongdoers.

>senior management are going to get wiped out and fired

Wasn’t one of executives working at Lehman Brothers or some such before? This is just failing upwards and doing same thing.

Yeah, they just pull $25B of out that hat, nevermind talks about debt ceiling and defaulting on US debt.

Tracking pixels did that? It would basically make almost every site out there guilty...

You never know nowadays… What’s the ticker?

Apparently, he was recently hyping up SVB, the one that just went under.

> Occupancy of our corner peaks at maybe 30%? > Maybe all those people who didn't actually want to come to the office should have just filed for permanent remote?

Not sure what the rules are at BigCo, but it looks like it would be way simpler to ask office-first people to apply to permanent positions.

Spectacular! Can we get a show out of this short story? Name it DevCrowd or smth.

Is there anything to stop them from using other against others? Will they start using humans as a tool too?

Thank you for saying this!

They better be ready, because next guy is definitely going to launch 10x balloons for a grand total of “next to nothing”!

They absolutely should charge it if people are willing to pay that much.

Basically they had to rewrite everything just to get the same functionality? What a giant waste of everyone’s time… which is probably one of bigCo goals: keep churning, so that people with less bandwidth are forced to deal with churn instead of improving their product.

Using RTO to punish disabled folks for demanding better wages is just something that AI would come up with, right?

If someone made a fortune at Twitter by running it “poorly”, would it not be reasonable to try it again next time? Just chill at a sunny beach and let someone else figure it out.

Is that what they call a “loyalty tax”?

Few years back a certain Redmond company shipped C++ compiler update that was producing actual binaries with telemetry. IIRC it got reverted after an outcry.

> Basically, I'm hoping the thing that happened for spam happens for bullshit as well, and we get optimized tools to fight to manageable levels

Who is going to do that? I’m genuinely asking, because I’m old enough to remember that BigCo was totally fine to “enshitificate” their search for years and still barely anyone got close to them…

Was it though? Maybe for some users in some use cases?

Clearly TikTok is a better surveillance network and managed just fine.