>The measure eases restrictions on all but the largest banks. It raises the threshold to $250 billion from $50 billion under which banks are deemed too important to the financial system to fail. Those institutions also would not have to undergo stress tests or submit so-called living wills, both safety valves designed to plan for financial disaster. >...
>Key Points > > Treasury Secretary Janet Yellen said the U.S. government will not bail out Silicon Valley Bank. > > “The reforms that have been put in place means that we’re not going to do that again,” Yellen told CBS’ “Face the Nation.” > > Regulators shuttered Silicon Valley Bank and seized its deposits Friday after depositors withdrew more than $42 billion by the end of the day Thursday.
@lnxw48a1 Strangely missing from the timeline are a couple of items that should be of interest...
SVB CEO sold $3.6 million in stock days before bank failure; removed from San Francisco Fed Board of Directors TechStory https://nu.federati.net/url/289878
@lnxw48a1 One other thing that people forget/don't know is that most everything medical related can be traced back to the raw materials and everybody that was involved along the way.
A standard LHR (Lot History Record) from former $EMPLOYER for a "simple" part run of 100 parts could be 50-60 pages between all the tracking of "raw" materials (materials purchased for the product), incoming inspection reports for raw materials, who did what in the process's to get to the final part, who did in process inspections and who did final inspections, usually a sterilization report and final packaging inspection report, labeling report and final quality sign off. This is all before the product gets sent to the customer or distributor with a copy included as well as a pdf emailed. I have seen LHR's get up to 100-200 mb in size as a pdf for large lots of complex parts.
I am not saying this is an excuse for high prices but the $8 aspirin at the hospital has a long paper/history trail that is required to be kept.
Not at all. After many years as being the "IT" guy for $EMPLOYER and the first question I would ask about an issue a user was having was "Have you rebooted?", many of the calls/emails I would get about an issue with their computer would start with "I have an issue and I just rebooted and it is still there".
>November 14, 2022. > >MEMORANDUM OPINION > >ROBERT A. MOLLOY, Chief District Judge. > >BEFORE THE COURT is Defendants International Business Machines ("IBM") and Red Hat, Inc.'s ("Red Hat") (Collectively known as "Defendants") Motion for Transfer of venue to the United States District Court for the Southern District of New York, pursuant to 28 U.S.C. § 1404(a) (ECF No. 41.) For the reasons stated below, the Court will grant the motion and transfer this case to the Southern District of New York.