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it was common as hell before the fdic thats why they made the fdic
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Mar 13, 2023 23:52
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bob dobbs is dead posted:it was common as hell before the fdic once again I refer everyone to the “it’s a wonderful life” clip except instead of using the money for their honeymoon in real life they’d give everyone the 60 days to request the full withdrawal and then never return from their honeymoon
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Mar 13, 2023 23:54
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the best part of this is all the VC people who still seem shocked to discover that people don’t like them
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Mar 13, 2023 23:58
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also having a company called SBF and one called SVB collapse in the same year is too confusing, do better next year.
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Mar 13, 2023 23:59
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which company was called sbf? there was ftx, which was run by sbf
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Mar 14, 2023 00:00
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that’s the joke yes
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Mar 14, 2023 00:01
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infernal machines posted:which company was called sbf? people are corporations, friend
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Mar 14, 2023 00:01
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BMan posted:people are corporations, friend somebody tell sam, maybe he can hide behind the corporate veil
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Mar 14, 2023 00:02
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i do have high hopes for some fallout in at least crypto, and quite possibly this being the little push for a lot of the worst vc garbage as well
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Mar 14, 2023 00:03
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the worst vc garbage by quality never makes it out of the valley and gets strangled in the crib by peeps not wanting it
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Mar 14, 2023 00:04
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Cybernetic Vermin posted:i do have high hopes for some fallout in at least crypto, and quite possibly this being the little push for a lot of the worst vc garbage as well im just excited to see what completely insane and hosed up takeaways silicon valley and VCs emerge with once the smoke clears. surely a blanket of somber introspection will drape itself over the peninsula any day now.
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Mar 14, 2023 00:13
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post hole digger posted:im just excited to see what completely insane and hosed up takeaways silicon valley and VCs emerge with once the smoke clears. surely a blanket of somber introspection will drape itself over the peninsula any day now. there'll be a startup offering a service that splits all your deposits between hundreds of banks or something like that
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Mar 14, 2023 00:14
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they're already patting themselves on the backs for a job well done (by someone else, of course)
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Mar 14, 2023 00:15
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the tech bubble is a pathfinder only zone
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Mar 14, 2023 00:16
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Powerful Two-Hander posted:there'll be a startup offering a service that splits all your deposits between hundreds of banks or something like that lol i had that thought when i was out walking today very reasonable expense ratio of course 
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Mar 14, 2023 00:16
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maxsafe has existed for decades
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Mar 14, 2023 00:17
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you need to buy 15 banks tho, thats kind of a difficult thing to do
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Mar 14, 2023 00:17
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good point. no startup has ever invented a stupider version of something that already exists.
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Mar 14, 2023 00:18
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bob dobbs is dead posted:you need to buy 15 banks tho, thats kind of a difficult thing to do from what i'm hearing it'll only cost $15 if you do it at the right time
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Mar 14, 2023 00:30
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I'll be the ... hmmm ... the glitter boy.
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Mar 14, 2023 00:33
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i'm 5926 Lonyo Ave Detroit Michigan.
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Mar 14, 2023 00:35
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rotor posted:I'll be the ... hmmm ... the glitter boy. the last rifts sourcebook is the one with the overpowered bullshit that beats every previous rifts sourcebook. its just how rifts rolls
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Mar 14, 2023 00:37
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gently caress rifts and gently caress its nazi writer. in the very first book he published rules for playing soldiers for the evil nazi skull faction and in successive supplemental books wrote things such that the only reason the kinder settlements could exist was because they were stooges of aliens or because the evil nazi skull faction were the hard men making hard choices for the benefit of mankind. they 100% lost me when they started hand wringing about the humanity of their concentration camp guards. gently caress em.
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Mar 14, 2023 00:45
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instead can we have a game that's just like, entirely glitter boys
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Mar 14, 2023 00:48
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we should introduce a class of mega posts that are like 100 regular posts and make normal posts obsolete
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Mar 14, 2023 00:50
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I’ll start *faaaaaaart*
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Mar 14, 2023 00:52
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Archduke Frantz Fanon posted:we should introduce a class of mega posts that are like 100 regular posts and make normal posts obsolete if you read a single mega-post without proper protection you'll be instantly vaporized time to spend 14 hours rolling up a new poster using the yospos O.C.C.
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Mar 14, 2023 00:53
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Archduke Frantz Fanon posted:we should introduce a class of mega posts that are like 100 regular posts and make normal posts obsolete youre describing my posts.
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Mar 14, 2023 00:53
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Shame Boy posted:instead can we have a game that's just like, entirely glitter boys ff14?
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Mar 14, 2023 00:54
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aardvaard posted:a lot of the moneyed interests are on board with the rate hikes because they like the idea of "cooling off the economy" (i.e. causing a recession to force wages back down). i think this is a complete accident that nobody planned on and they're scrambling to figure out how to stop it from taking down the rest of the financial system too. but i also think it's way too early to try to draw these kinds of conclusions. boa spokesperson last june saying the comin interest rate hikes are good because theyll cool off the economy and hurt labor https://www.youtube.com/watch?v=Sd5tCysMyfY&t=100s
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Mar 14, 2023 01:06
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mystes posted:Apparently YOSPOS was only one bank run away from turning into D&D 
fart simpson fucked around with this message at 01:10 on Mar 14, 2023 |
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Mar 14, 2023 01:08
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fart simpson posted:boa spokesperson last june saying the comin interest rate hikes are good because theyll cool off the economy and hurt labor yeah clearly some moneyed interests would be in support of the rate hike because otherwise the fed wouldn't be doing it
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Mar 14, 2023 01:10
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anyway the game to be played is Apocalypse World
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Mar 14, 2023 01:16
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Captain Foo posted:anyway the game to be played is Apocalypse World 
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Mar 14, 2023 01:37
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I prefer "after M*A*S*H"
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Mar 14, 2023 02:42
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mila kunis posted:ii repeat: if i deposit money in an uninsured account in FartBank, I do not get money back. If I deposit money above the insured value in an account in FartBank, I do not get money back above the insured value. They are getting preferential treatment that I would not get. They are absolutely getting it "for nothing". this new insolvency scheme was brought out now and specifically once it looked like connected vc assholes would take a beating. do you have an answer to the following question: I don't think it's unreasonable that the feds are covering for this. sure the consumer fdic limit is 250k, which I think is mainly for consumer confidence and to encourage people to use anything over that level to buy things or invest in something with more velocity than a savings account. no individual is going to be destitute if they get wiped out to 250k while waiting for a bank's liquidation to go through, but 250k is pithy when a company has employees and vendors to pay, especially if they don't have a lot of assets or even a released product yet investors and executives can get hosed though. it's their job to know what interest squeezes or whatever they're called are
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Mar 14, 2023 02:42
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is that british? it looks british
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Mar 14, 2023 02:47
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If that's what the world is going to look like after math maybe we should just ban it
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Mar 14, 2023 02:52
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Truman Peyote posted:our glorious socialist utopia will surely still have businesses and money. lol
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Mar 14, 2023 03:24
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infernal machines posted:is that british? idk i havent looked at it since i was a teen
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Mar 14, 2023 03:27
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