(Thread IKs:
skooma512)
|
So by tomorrow the fed is going to announce that they will also be making all bank investors whole forever going forward and that if at any time your bank stock decreases in value they'll buy it from you at the price you paid plus a nice little bonus, right?
|
#
¿
Mar 13, 2023 15:56
|
|
|
|
| # ¿ May 10, 2024 01:29 |
|
|
Mr Hootington posted:https://twitter.com/JustinWolfers/status/1635296789661372418?t=Ay579HLF-_VIhK_0nvVucw&s=19 The fact that depositors were almost assured of getting the overwhelming majority of their money after a fairly short period of time is part of why this move was so insane. The rich people weren't even going to take more than a minor loss on this, if any at all! Any reasonably well run company caught out of sorts by this would have been able to find a way to get some cash flow for the time period between now and when their money re-appeared and any rich person caught out by this would have simply had a little less money for a few weeks or maybe a few months at most. There was no need to do this!
|
|
#
¿
Mar 13, 2023 16:22
|
|
|
bedpan posted:wait, I was told that bailing out SVB was impossible and that there existed no legal mechanism to do so? Laws aren't real.
|
|
#
¿
Mar 13, 2023 16:22
|
|
|
Thank you President Joe Biden. https://twitter.com/POTUS/status/1635304713288667136?s=20
|
|
#
¿
Mar 13, 2023 16:56
|
|
|
HallelujahLee posted:looking forward to the cost to the taxpayer We all get to pay a little extra in banking fees in exchange for making sure that our deposits over $250,000, a thing which is very common and we all have and were very concerned about, will be made whole in the event of a bank failure.
|
|
#
¿
Mar 13, 2023 17:00
|
|
|
My tiny investment account is with TDAmeritrade, which is owned by Schwab, do I need to do a bank run?
|
|
#
¿
Mar 13, 2023 17:00
|
|
|
Justin Tyme posted:love how schools have these big commercial kitchens and ostensibly there are folks out there who are decent enough cooks to work them yet we do these bullshit deals to feed kids lunchables instead of making big pots of chili or stew or grilled cheeses or something for what I imagine is way, way cheaper How could we expect them to retain knowledge if we gave them big pots of chili?
|
|
#
¿
Mar 13, 2023 18:44
|
|
|
coelomate posted:drat they wrote the BTFP terms to not allow free money glitch: Until the next emergency bailout, that is.
|
|
#
¿
Mar 13, 2023 21:44
|
|
|
I don’t think anybody knows how remote/in office is going to play out over the next few years because there are real cost savings to companies for remote employees because a VPN is a lot cheaper than office space so even if some companies demand people to be in the office it won’t be anywhere near universal.
|
|
#
¿
Mar 14, 2023 20:52
|
|
|
bedpan posted:it is not about the money that can be saved but the control that is lost Yeah and some companies are going to decide they value that control and others are going to decide that they value reduced operating expenses and a wider recruitment pool.
|
|
#
¿
Mar 14, 2023 21:21
|
|
|
Crazypoops posted:What's a good doomsday economics podcast Call Hootington on his drive home from work.
|
|
#
¿
Mar 14, 2023 22:37
|
|
|
JamesKPolk posted:VCs bailing out SVB would be so funny. imagine y combinator: the bank They probably mostly just wanted the free bank charter.
|
|
#
¿
Mar 15, 2023 19:30
|
|
|
the popes toes posted:I guess I'm not getting financing for that used microscopically tiny house on the lot next to the landfill now. poo poo. And another thing. Where's my $600? Banks got $600,000,000,000,000 instead
|
|
#
¿
Mar 15, 2023 19:40
|
|
|
spacemang_spliff posted:The 3rd Circuit panel said that while a salary is a fixed amount of compensation paid out at regular intervals, paid time off is a fringe benefit that has no effect on a worker's wages and can be paid irregularly, such as when an employee leaves a company. Laws continue to not be real just lmao at this one. Find me a single loving person other than this judge in the country that doesn't consider PTO to be part of compensation. It's even required to be carried as a liability on the company books!
|
|
#
¿
Mar 16, 2023 18:06
|
|
|
He should talk to his good friend, buddy, and lifelong pal Joe Biden about doing something about that.
|
|
#
¿
Mar 16, 2023 19:57
|
|
|
webcams for christ posted:lol has PE been big in financing porn industry before? looking forward to xnxx brought to you by Blackrock Wonder what this fund's weird fetish will be that'll replace every porn being incest related.
|
|
#
¿
Mar 16, 2023 20:58
|
|
|
Aglet56 posted:how much blackmail leverage is there in knowing someone's pornhub history? we already have politicians and actors doing this kinda poo poo every day: All the actually creepy as gently caress Epstein stuff exists and nobody gives a poo poo. Unless someone is in to something particularly weird you aren't gonna get much blackmail material by trying to release that some politician searched for Big Titty MILFs when the public stories about the Lolita Express barely raise an eyebrow.
|
|
#
¿
Mar 16, 2023 21:26
|
|
|
Nextdoor.com rear end page
|
|
#
¿
Mar 18, 2023 20:41
|
|
|
coelomate posted:https://twitter.com/RedboxWire/status/1637851015679549440 Seems like a chance to buy the dip IMHO.
|
|
#
¿
Mar 20, 2023 17:21
|
|
|
Eric Cantonese posted:The "split the baby" seems to be a 25 point increase and then announcing that they'll see where it goes from there, with some nice cuddly words about valuing the stability of the financial system. I'm not sure what else they can do because potentially igniting more bank runs is not good. On the other hand rewarding banks for having bad risk management practices is more not good.
|
|
#
¿
Mar 20, 2023 19:04
|
|
|
Yellen walking back the "everyone will get bailed out" by saying that only banks that are properly large and politically connected will be bailed out was not good.
|
|
#
¿
Mar 20, 2023 19:05
|
|
|
I used to wear a Fitbit but I switched to an apple watch a couple of years ago and Fitbit is (or at least was) unquestionably better at being a health tracker but I've only got room on my wrist for one device and a full feature smartwatch that does a lot of things reasonably well serves me better than a fitness tracker that does just one thing really well.
|
|
#
¿
Mar 20, 2023 19:35
|
|
|
Vox Nihili posted:They say credit conditions are tightening but I still keep getting mailers from banks begging me to borrow enormous sums of money from them for no reason Same. Chase keeps sending me emails begging me to take out a mortgage that's like 5x my annual gross income, telling me I'm pre-approved even though I never asked and they're just waiting to write me a check.
|
|
#
¿
Mar 22, 2023 20:50
|
|
|
Paradoxish posted:Just openly admitting that paying attention to reality would damage the intended narrative. It worked for them with COVID why not for inflation too.
|
|
#
¿
Apr 22, 2023 17:53
|
|
|
Mr Hootington posted:https://twitter.com/nntaleb/status/1649757406925058049?t=M1et-hKpurI-KgRm3980uQ&s=19 That doesn’t seem sad at all, actually. Seems pretty awesome.
|
|
#
¿
Apr 22, 2023 18:07
|
|
|
Making people more militant about seeking pay raises you say.
|
|
#
¿
Apr 22, 2023 18:08
|
|
|
spacetoaster posted:"making my wife cry first thing in the morning by sending these heavy-duty lawmen [to] come collect stuff and talk about stolen products and jail time," Real cops loving love to not wear any insignia or have noticeable markings or anything like that but also become extremely aggressive and possibly murder you if you don't immediately recognize and deflect to their cop authority anyway so that makes it really easy for pretend cops.
|
|
#
¿
Apr 30, 2023 05:00
|
|
|
Edgar Allan Pwned posted:drat ur a millenial with an adult child? did you have kids as teens? Hootington is a grandpa and he’s Gen Z.
|
|
#
¿
May 1, 2023 21:14
|
|
|
Norton posted:a librarian told me drunk guys at bars in the 80s and 90s used to call up libraries all the time to settle trivia poo poo. That owns.
|
|
#
¿
May 2, 2023 15:21
|
|
|
Pittsburgh Fentanyl Cloud posted:There's a reason why hotels don't have robots that can clean rooms & bathrooms, they're not possible and may never be. I dunno that seems like something that would be pretty easy to solve today if you didn't care about the cost so while i don't expect robot cleaning ladies any time soon I'm not sure why you'd say they weren't possible. It's a static environment and the end state you need to achieve is well defined as are all the tasks involved.
|
|
#
¿
May 2, 2023 18:35
|
|
|
euphronius posted:I don’t understand why the chat gpt or whatever company does not have to pay licence fees to the people who developed the media chat gpt is “trained” on Disruption! But that's exactly why the hollywood writers are including that clause in their negotiations about not using their works to train an AI.
|
|
#
¿
May 2, 2023 18:37
|
|
|
A banking opportunity for a handful of big banks to gobble up a bunch of regional banks on the cheap
|
|
#
¿
May 2, 2023 19:12
|
|
|
Paradoxish posted:Yeah, these quotes about unemployment are going to age unbelievably poorly when people are actually out of work. Feel bad for people getting caught out switching jobs now who are probably going to get caught up in the first round of truly major layoffs. Having already gone through two "once in a lifetime" recessions as an adult, I remember in the prior two sometimes the people who got laid off in the first round ultimately ended up being being a lot luckier than the people in the later rounds because the competition to find a new job was a lot less intense as there were both far fewer people out looking that early in the cycle but also a lot more jobs still available. It was the people that got laid off in the later rounds that struggled the most to find new employment.
|
|
#
¿
May 2, 2023 19:38
|
|
|
Mr Hootington posted:The problem was already there and the fed and treasury exacerbated it by causing a loss of faith in regional banks. I feel like Yellen really sealed it when she said out loud that they'd make sure politically connected banks would be fully taken care of but that protection didn't extend to all banks.
|
|
#
¿
May 2, 2023 19:39
|
|
|
Mr Hootington posted:David's bridal is closing all stores June 2nd according to WARN notices. BB&BY has started issuing WARN notices for their stores. Suburban white lady culture is facing an extinction event.
|
|
#
¿
May 2, 2023 19:40
|
|
|
Mr Hootington posted:
I had to buy a plane ticket the week before last and I went ahead and clicked the button to apply for the airline credit card because I would have come out ahead by a couple hundred bucks by using it between the ticket discount and sign up points so I figured why not. My only debt is my mortgage and I have a good credit score. Got denied. Only reason I can think of of for it is that while I'm not a card churner, I do actively look for sign up bonuses and then only cancel cards that have an annual fee, ones that don't I just let sit in a drawer, so I have a lot of credit available that I don't ever use. So maybe banks are starting to get spooked about extending credit to people that already have a lot of credit lines open, even if they have low utilization.
|
|
#
¿
May 2, 2023 20:19
|
|
|
Dr. VooDoo posted:The main use of AI as it is now it to sell to corporations as the Next Big Tech that will massively increase profits. Corporations will buy into it, they’ll have software made for it and then nothing will come of it. Just like The Cloud, The Blockchain, and a myriad of other computer garbage. It’ll be integrated into systems, not function at all like they were told it would function, and then just kind of rot until the next totally gonna change everything tech. All the tech bros involved warning about how it’s totally gonna take jobs or why we must be scared of the thing they happen to be invested in is hype building to keep it in the public zeitgeist long enough to get decrepit CEOs still impressed by Siri to latch on There's a lot of bullshit about "The Cloud" but I don't think it belongs on that list since it has legitimately transformed a whole lot of the way we live and work.
|
|
#
¿
May 2, 2023 20:21
|
|
|
Raccooon posted:At this point for people to even take notice it would probably have to have a higher mortality rate. People seem pretty fine with the amount of deaths the current ones do now. I don't think deaths even really matter to most people at this point. Especially since death data is delayed and a lot of them would be attributed to something else. The only thing that would matter is a wave where enough people are too sick to work that it impacts their ability to shop and go to restaurants. And that's within the context of a current and future reality where most people are not going to feel any pressure to quarantine while positive, so anyone sick with COVID but able to stand will be at work.
|
|
#
¿
May 3, 2023 15:27
|
|
|
Stereotype posted:my cousin wants to be a "disney travel agent" and she told me some of the tricks and apparently there is a whole industry of people whose job it is to help people navigate the intense labyrinthian complexity that is a disney vacation I know two different people that do that as a side gig. People pay them money to plan out each day to the minute and tell them all the tricks to avoid spending time in lines.
|
|
#
¿
May 3, 2023 23:39
|
|
|
|
| # ¿ May 10, 2024 01:29 |
|
|
Monetizing being a Disney Adult.
|
|
#
¿
May 3, 2023 23:41
|
|