boglerdude wrote: ↑Sun Mar 12, 2023 7:51 pm So I wont be able to fund my Juicero 2.0 :/

I can hook you up bro. Send photo of wife and boat.

Feds announce that all SVB depositors will be made whole. Even those above $250K. It seems like someone explained the situation to them. Still, just a stop gap. This solution is a bit capricious and not a good foundation for future planning. Best to assume that any future failures won't be covered ...

Kriegsspiel wrote: ↑Sun Mar 12, 2023 6:14 pm That was a good Noticing.

l33t supa h4x0r knows l33t supa h4x0r

In 1991 when Bank of New England failed, the FDIC stepped in and insured all depositors including those over the (then) $100,000 limit. They did so for the exact reasons your quote describes, namely to prevent panic among depositors that would spread throughout the financial system. Since then, the...

Feds just closed Signature Bank out of NYC.

Major Kudos to the treasury department intern that used the leet URL.

Smith1776 wrote: ↑Sun Mar 12, 2023 4:38 pm Close enough so as to not be inconvenient to grab a beer and walk around Harvard campus.

So, less than about 20,000 Smoots?

One of the OG forum founders here sent me a link to this video . If you want to listen to a recount of how the SVB collapse played out for startup founders on Thursday and Friday - it is accurate. Pretty much a play by play of how it went down for my partners and I. We're not nearly as exposed as so...

But also, does ChatGPT have good game? Might need to explore that angle... I don't play in the same crowd as you, Kriegs. But a few times I've gotten a long rambling email from the girlfriend and I couldn't make heads nor tails of it. I asked the AI to break it into relevant bullet points, summariz...

That's a massive amount of money. I wonder what effect it might have on the treasury and short term debt markets to experience a sudden epic buy volume like that. I guess we'll find out. Fortunately, a lot of corporate CFO's aren't as on the ball as we would like to imagine. Certainly there will be...

Latest Southpark Episode. Featuring ChatGPT.

Mark Leavy wrote: ↑Fri Mar 10, 2023 6:26 pm ..., but that is a logistical nightmare and probably frowned upon if SVB also happened to be one of your VC funders.

Ha! I was just guessing earlier, but ... good guess.

That's got to be deflationary doesn't it? It puts the Feds in a tight spot. SVB (and a lot of other regional banks) were not able to write enough high quality loans to offset all of the depositor's funds. So they bought long dated treasuries. And didn't hedge them with interest rate swaps. And over...

Xan wrote: ↑Fri Mar 10, 2023 6:24 pm But, it doesn't mean 97.3% isn't FDIC insured. It could be that 97.3% of accounts have $250,001 deposited, in which case virtually 0% is uninsured.

As of 12/31/22 SVB had $173 Billion in deposits. $152 Billion were uninsured. Total of deposits over and above $250K per account.

Less than 3 percent of accounts have less than $25 0 ,000? Who the heck was depositing money there? Most of the accounts at SVB are were business accounts. Generally high tech startups out of Silicon Valley. For many businesses, $250K liquid cash on hand is not nearly enough to handle normal cash f...

Seajay, I just want to say that I have thoroughly enjoyed your posts. Well thought out. Well written. Well researched.

A gold standard, if you will.

Thank you,
Mark

Indeed a long history. Diseased cow carcasses via Trebuchet.

I could see a future where people who start companies don't incporporate, {etc} This is quite astute. I like it. One of the difficulties that would have to be overcome is that of obtaining capital. Investors would need some mechanism to guarantee their equity allocation. That doesn't sound unsolvab...

Nice move, Maddy. Congratulations.

... , they are there to launder campaign money" Of course. All political books are contracted through a ghost writer and are the traditional means to launder kickbacks. Along with exhorbitant speaking fees. (Every politician, ever) And the purchase of unrecognized genius artwork. (Hunter Biden)

vnatale wrote: ↑Sun Feb 26, 2023 6:34 pm Res ipsa loquitur

Not really. Some elaboration is in order.

And while I have some great stories of Latin conversations with a Ukrainian prostitute in Prague, this forum may be better conducted with more English and less pretentiousness.

A bunch of redditors having been working on a prompt to defeat the PC guardrails built into ChatGPT. After a few tries, they've come up with the solution of telling it to respond via an alternate personality that can 'say anything'. This personality is DAN (Do Anything Now). So far, there doesn't se...

I can't imagine this just going away. Just about everyone knows someone whose life was destroyed by all this, as well as many others who have suffered profoundly. When people finally grasp what really happened, I suspect that the rage will be difficult to control. I wish I could agree, Maddy. But I...

He recommended a home safe, like he himself has. I said that I'd looked into it but I feel it's dangerous once it's known that you have one. That was the one moment his smile vanished. Hilarious. That's when you ask him what model safe he has, how are his wife and kids and does he have a business c...

That's marketing talk. :) That marketing talk works for me. A plug in Hybrid with a ~40 mile non combustion range sounds about ideal. It covers all of your daily city driving. Plug into the garage at night. Don't even need a 220v outlet. Regenerative braking for the stop lights. Whenever you need t...

Just to bring this thread back around to AI, here's a DALL-E generated image.