HPMOR

Credit Suisse should definitely be bankrupt. Every major banking scandal over the last decade has happened there. Absolutely zero internal controls and zero risk management, it's absurd they'…

As somebody employed by a company which kept all their assets in SVB, I strongly support the FDIC bailout. Even a couple percent haircut would've resulted in many many second order economic impli…

Bro what???!!?? GPT-4 is already being used as a personalized tutor on Kahn Academy. It’s personally helped me understand difficult Algorithms and CV applications in my undergrad classes. GPT-4 is abo…

The "titans" you speak of are Jerome Powell, and Janet Yellen. Not the schmucks that put Taxis on the internet, or effectively stole billions of dollars from SoftBank to build a rental compa…

Hi Chris, I’m an investor in Carrier Global the largest manufacturer of HVAC equipment. Curious on how you see your product differentiating yourself from their heat pumps, I.e superior specs? Also, I …

You're right, "sent a strong signal" is deliberately ambiguous, in the sense that there has not been a declared policy shift of the FDIC to protect uninsured deposits. However, given th…

Precisely. First Republic is an extremely weak financial position. Given the aggressive nature of the FDIC, in seizing Signature, I would be very surprised if they aren't forced to take action he…

You're correct, in that it was not immediately clear whether SVB warranted the systemic risk declaration. However, it should appear clear that fear is very contagious and it has never been easier…

It is not urgent. All depositors assets, uninsured & insured, are being backstopped by the Treasury. No need to worry if your assets are being held by the FDIC receivership. Now, if your assets ar…

First Republic is technically insolvent, similarly to SVB. The Bank Term Fund Program (BTFP), provides liquidity at the par value of underwater T-Bonds and Mortgage Backed Securities. This liquidity w…

It shouldn’t be. These banks are not sitting on toxic assets the same way large financial institutions were in 2008. The existing programs and powers of the Federal Reserve and Treasury should be more…

The Bank Term Fund Program (BTFP) allows banks to pledge their underwater MBS as collateral to borrow at par value from the Federal Reserve. This lending facility is a stop gap measure and still requi…

People are arguing whether SVB depositors should’ve been permitted to take a haircut. This not a discussion. Had depositors lost a SINGLE penny, there would be a very widespread run on bank deposits a…

There is a large gap in First Republics loan book and deposits. They have effectively subsumed all their equity on their balance sheet, if they are forced to mark their assets at market value. The sam…

No, they don’t know about the risks and they’re shouldn’t be any to the depositors. Banks are highly regulated institutions and the creation of the FDIC was intended to prevent a systemic bank run, wi…

The discourse on this thread and Twitter is astoundingly inept. If the FDIC had permitted uninsured depositors to not be made whole, there would’ve been a systemic risk to American banking. Confidenc…

Good, they would’ve gone under otherwise. The Treasury et al. took the clearly responsible step of approving a systemic risk exception for SVB and Signature. This was truly existential crisis of confi…

I wrote my Cornell essay on it… guess where I am now!

You saw other healthy young thin people, in the ward, because the people that had strokes that didn’t fit that demographic went to the morgue. Survivorship bias, not to say that OC is right, just poin…

The throughput of the TSA is around 2 million people per day. https://www.tsa.gov/travel/passenger-volumes …

With a 50% mortality rate, this is quite self correcting. People who refuse to be lockdown will die.

I’d be curious if the inverse is also possible, social interactions triggering the release of leceptin. Perhaps social interaction could cause feelings of satiety too?

The number of people that died last year on commercial domestic airlines, in the USA, was zero last year. The number that died from elevator or escalators 30. This always calms me.

Can’t wait for this to happen in reality!

No, bad for the environment. Maybe some Tesla Tofu though.

I'm not familiar with what you are referring to, however I would argue that attempted assassination <> losing custodial funds.

I am of the mindset that non-violent offenders, should not suffer a life penalty regardless of their alleged crime. They played a game and lost, they should not lose their head as well.

He should not go to prison for life. Nobody should ever go to prison for life, for wasting money. Money is literally made up. Sure, opportunity cost is real, but seriously nobody should ever lose thei…

Yeah, this is great advice. I just really dropped the ball after I started screwing up, about reaching out to the people that could help me.