Sr. Principal Sec Eng @ cloud place
-- Issac Asimov
bsky.app/profile/mcop...
bsky.app/profile/mcop...
We don't have due process. We have entire groups being punished for the alleged actions of a few.
The Trump administration says it has frozen all childcare payments to Minnesota in the aftermath of allegations of fraud by some in the Somali community.
Important: allegations along these lines have existed for years, which has resulted in prosecutions starting with the Biden DOJ.
We don't have due process. We have entire groups being punished for the alleged actions of a few.
But luckily for all of us, the FDIC doesn't think that way. They think, "I want to see the minimum harm to US businesses and employees."
So they made the right calls that did that.
But luckily for all of us, the FDIC doesn't think that way. They think, "I want to see the minimum harm to US businesses and employees."
So they made the right calls that did that.
Crypto lemmings chased Peter Thiel off a cliff, and ran on their own crypto banks, and more of them folded.🤷🏿♂️
We still have normal banks, and the pain was cauterized and contained.
Crypto lemmings chased Peter Thiel off a cliff, and ran on their own crypto banks, and more of them folded.🤷🏿♂️
We still have normal banks, and the pain was cauterized and contained.
But yeah, SVB failed, was acquired, but customers were protected.
Working as intended👍🏿
But yeah, SVB failed, was acquired, but customers were protected.
Working as intended👍🏿
I said "These dudes don't even know how money works, and they have so much of it?"
I said that this bank collapse was vanilla for the FDIC: they'd handle it.
And they did.
I said "These dudes don't even know how money works, and they have so much of it?"
I said that this bank collapse was vanilla for the FDIC: they'd handle it.
And they did.
Here's a list of bank failures. Note that 4 other banks failed in 2023. Most deposits were completely safe, even above FDIC maximum guarantee amounts.
This is what they do.
Here's a list of bank failures. Note that 4 other banks failed in 2023. Most deposits were completely safe, even above FDIC maximum guarantee amounts.
This is what they do.
If you were a *customer* of Silicon Valley Bank, and had a savings account or checking account or mortgage account with money in it? You didn't lose your money.
If you were a *customer* of Silicon Valley Bank, and had a savings account or checking account or mortgage account with money in it? You didn't lose your money.
2. FDIC didn't do any special favors for SVB bankers, and didn't do it for silicon valley crypto bros. They did it to keep the promise that leads to stability: " When you put money in a US Bank, your deposits are safe."
SVB bet big on low interest rates and lost. Rich tech VCs who put too many eggs in that basket generated a bank run, then called for govt money.
Got their bailout, helped elect Trump, and now reaping rewards from corruption.
2. FDIC didn't do any special favors for SVB bankers, and didn't do it for silicon valley crypto bros. They did it to keep the promise that leads to stability: " When you put money in a US Bank, your deposits are safe."
2. FDIC didn't do any special favors for SVB bankers, and didn't do it for silicon valley crypto bros. They did it to keep the promise that leads to stability: " When you put money in a US Bank, your deposits are safe."
SVB bet big on low interest rates and lost. Rich tech VCs who put too many eggs in that basket generated a bank run, then called for govt money.
Got their bailout, helped elect Trump, and now reaping rewards from corruption.
If you value Signal, you should be doing the same, if you’re able. Even just $5 a month can make a big difference.
If you value Signal, you should be doing the same, if you’re able. Even just $5 a month can make a big difference.
www.researchgate.net/publication/...
This isn’t policing — it’s authoritarian spectacle.
Armed intimidation, fear as policy, and taxpayer money burned to terrorize communities.
This is fascism in plain sight. #TrumpWatch #Resist
Stop it.
If something in government is not working, then you fix it. Choose better leaders.
Don't replace its leader with an incompetent person, or worse, a dude that doesn't understand what it does, and so wants to destroy it.
Stop it.
If something in government is not working, then you fix it. Choose better leaders.
Don't replace its leader with an incompetent person, or worse, a dude that doesn't understand what it does, and so wants to destroy it.
Part of the reason we're in the mess we're in, is that too many of y'all believe the lies that government officials are less smart or less motivated, than the private sector.
That's complete nonsense.
Part of the reason we're in the mess we're in, is that too many of y'all believe the lies that government officials are less smart or less motivated, than the private sector.
That's complete nonsense.
Don't use their language, @newyorker.com that is not even a real word. What the hell is wrong with "flee" or like. "Flee this godforsaken country"
We are months into the mystery of Trump’s hands, the White House is lying, & I’ve seen a grand total of one serious news story about it.
(Joe Raedle/Getty)
We are months into the mystery of Trump’s hands, the White House is lying, & I’ve seen a grand total of one serious news story about it.