Notices by lnxw48a1 (lnxw48a1@nu.federati.net), page 101
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lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 12-Mar-2023 18:08:32 EDT 
lnxw48a1
S found an Asian food place that she said was really good. I was trying to remember her directions, but I think I got them wrong. The place I found was not good. -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 12-Mar-2023 17:40:16 EDT
lnxw48a1
Also, in the late 1970s and early 1980s, rapid increases in interest rates and price inflation caused many savings and loans to fail. Not because they didn't have sufficient assets, but because their assets were long-term mortgages while their deposits were mostly demand deposits, and as interest rates rose, people tried to remove their deposit balances and invest them in higher yielding products.
That sounds a lot like today, so I'm a little bothered that no one in the industry seems to remember the crisis that led to the regulator for savings banks being abolished and those institutions being regulated by the same regulators that cover commercial banks. -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 12-Mar-2023 17:30:19 EDT
lnxw48a1
Interesting that they mention First Republic. That's one that someone recently said regulators were watching. -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 12-Mar-2023 13:31:39 EDT
lnxw48a1
@geniusmusing I wouldn't be surprised if much of the language in the rollback law was taken from industry lobbyists. -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 12-Mar-2023 13:22:20 EDT
lnxw48a1
https://apnews.com/article/svb-fed-bonds-rates-banks-inflation-a24b28b3caeede91c76cd120aa9b7966 [apnews com]
> Silicon Valley Bank, the nation's 16th-largest bank, failed after depositors hurried to withdraw money this week amid anxiety over the bank's health. It was the second biggest bank failure in U.S. history after the collapse of Washington Mutual in 2008.
I didn't realize how large SVB was. I'd never heard of it until it collapsed.
> There appeared to be little chance of the chaos spreading in the broader banking sector, as it did in the months leading up to the Great Recession. The biggest banks — those most likely to cause an economic meltdown — have healthy balance sheets and plenty of capital.
https://nu.federati.net/url/289883 [www bloomberg com]
> The Federal Deposit Insurance Corp. and the Federal Reserve are weighing creating a fund that would allow regulators to backstop more deposits at banks that run into trouble following Silicon Valley Bank's collapse.
> Regulators discussed the new special vehicle in conversations with banking executives, according to people familiar with the matter. The hope is that setting up such a vehicle would reassure depositors and help contain any panic, said the people. They asked not to be identified because the talks weren't public.
So the fears of *contagion* are real.
https://nu.federati.net/url/289884 [www bloomberg com]
> Watchdogs from the Federal Deposit Insurance Corp. and Federal Reserve are looking into the impact of significant withdrawals, said the people who asked not to be identified discussing the private interactions. Officials at the offices on Thursday sought more insight into the bank's predicament, the people said.
Regulators are trying to determine whether insiders joined in the run on the bank.
https://apnews.com/article/svb-fed-bonds-rates-banks-inflation-a24b28b3caeede91c76cd120aa9b7966 [apnews com]
> Bill Tyler, director of operations for TWG Supply in Grapevine, Texas, said he first realized something was wrong when his employees texted him at 6:30 a.m. Friday to complain that they did not receive their paychecks.
> TWG, which has just 18 employees, had already sent the money for the checks to a payroll services provider that used Silicon Valley Bank. Tyler was scrambling to figure out how to pay his workers.
> "We're waiting on roughly $27,000," he said. "It's already not a timely payment. It's already an uncomfortable position. I don't want to ask any employees, to say, 'Hey, can you wait until mid-next week to get paid?'"
https://nu.federati.net/url/289885 [apnews com]
> Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money.
> The Federal Deposit Insurance Corporation insures deposits up to $250,000, but many of the companies and wealthy people who used the bank — known for its relationships with technology startups and venture capital — had more than that amount in their account. There are fears that some workers across the country won"t receive their paychecks.
> Yellen, in an interview with CBS' "Face the Nation," provided few details on the government's next steps. But she emphasized that the situation was much different from the financial crisis almost 15 years ago, which led to bank bailouts to protect the industry.
> "We're not going to do that again," she said. "But we are concerned about depositors, and we're focused on trying to meet their needs."
There are lots of companies whose payroll funds were held in SVB, so there is lots of pressure to make those companies whole, even if their deposits exceeded the FDIC insurance limit. -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 12-Mar-2023 12:37:03 EDT
lnxw48a1
I should add that whatever translation the Catholic Church used when I was a kid did have 'trespasses', so when we memorized it, that's what we memorized. -
GeniusMusing (geniusmusing@nu.federati.net)'s status on Sunday, 12-Mar-2023 10:35:13 EDT 
GeniusMusing
@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
Silicon Valley Bank employees received bonuses hours before takeover
https://nu.federati.net/url/289879 -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 12-Mar-2023 10:25:54 EDT
lnxw48a1
@clacke There's a widely sung version of the Lord's Prayer that uses 'debts'. I don't think most English speakers understand 'debts' in a purely financial sense, but rather as offenses against someone else. -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 12-Mar-2023 01:50:47 EST
lnxw48a1
We're not going to rebuild civilization with 25 half-working #TRS-80 machines from 1978. The related #DuskOS project seems a little more realistic than #CollapseOS, but details matter.
https://sr.ht/~vdupras/duskos/ -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 12-Mar-2023 01:20:44 EST
lnxw48a1
http://collapseos.org/ is said to be completed.
I thought it was meant to be a realistic attempt to create something that can be used to restart computing and communications after a civilizational collapse, but it looks like "most or all of the hardware platforms supported are from the 1980s":{http://collapseos.org/hardware.html}. -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 12-Mar-2023 01:05:58 EST
lnxw48a1
Timeline of SVB's collapse: https://nu.federati.net/url/289872 [www reuters com] -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 12-Mar-2023 01:05:20 EST
lnxw48a1
I'm surprised to learn that leaking student data does not require notification. -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 12-Mar-2023 00:49:24 EST
lnxw48a1
School district data breach involves student data, but law does not require notification https://infosec.exchange/@PogoWasRight/110005462926344518
https://nu.federati.net/url/289870 [www databreaches net]
#security #ransomware #security_breach -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 12-Mar-2023 00:43:58 EST
lnxw48a1
Bank of England ( #BoE ) responds to #SVB collapse https://nu.federati.net/url/289869 [www reuters com] -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 12-Mar-2023 00:15:08 EST
lnxw48a1
@clacke But to directly answer, yes, it must be explicitly activated. -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Sunday, 12-Mar-2023 00:14:20 EST
lnxw48a1
@clacke Earlier than a specific git commit, it doesn't work very well. Even n5fn which is running a newer commit, isn't able to do AP. -
GeniusMusing (geniusmusing@nu.federati.net)'s status on Tuesday, 07-Mar-2023 16:13:33 EST
GeniusMusing
@lnxw48a1
Reboots in Spaaaaace.
15-Year-Old NASA Probe Back in Action After Systems Reset
https://gizmodo.com/nasa-ibex-probe-operational-after-systems-reset-1850198754 -
GeniusMusing (geniusmusing@nu.federati.net)'s status on Thursday, 09-Mar-2023 19:38:13 EST
GeniusMusing
@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. -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Saturday, 11-Mar-2023 23:25:13 EST
lnxw48a1
https://www.forbes.com/advisor/investing/dodd-frank-act/ [www forbes com]
A look at Dodd-Frank, which is about to be stress tested itself.
!econusa -
lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Saturday, 11-Mar-2023 23:22:17 EST
lnxw48a1
Silicon Valley Bank (SVB), which I did not even know existed until it collapsed, is affecting more than just other banks.
Etsy: https://nu.federati.net/url/289866 [www nbcnews com]
Source: https://one.darnell.one/@darnell/110008331780436783
!econusa
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