2023-03-11

Horseshit

• Ask HN: Would you say $100k is the new threshold of middle class in 2023?

• The Crafty Logic That Accompanies Dementia

• An East African Kingdom Changed T Roosevelt and the Course of American Democracy

Trump / War against the Right / Jan6

• Defendant Moves To Dismiss Jan. 6 Case Based On Newly Disclosed Footage, FBI Testimony | ZeroHedge

Pestilence / Pox / COVID / VaxCult

• If We Knew Then What We Do Now About Covid, What Would We Have Done Differently?

Crypto con games

• $3.3B of the ~$40 billion of USDC reserves remain at SVB

  • HN comments

Economicon / Business / Finance

• 30% of YC companies exposed through SVB can’t make payroll in the next 30 days | Hacker News

• SVB’s UK Business to Be Declared Insolvent by Bank of England

• SVB failure doesn't threaten 'safety and soundness' of banking system

• Short Sellers Make $500M on SVB’s Demise. Collecting Won’t Be Easy

• First Republic Hit by Silicon Valley Bank Failure

• What does Silicon Valley Bank’s collapse mean for the financial system?

• SF payroll firm Rippling unable to pay out after Silicon Valley Bank collapse

  • HN comments

• Emergency credit line for SVB customers | Hacker News

• Summers Sees No Systemic Risk from SVB If Depositors Protected

• Forbe's 20th Best Bank Feb 2023: SVB Financial Group

• Record Bank Run Drained A Quarter, Or $42BN, Of SVB's Deposits In Hours, Leaving It With Negative $1BN In Cash | ZeroHedge

  Silicon Valley Bank is one of six banking partners Circle uses for managing the ~25% portion of USDC reserves held in cash.

• Two US Banks Collapse in 48 Hours. Which One's Next?

• SVBUK Taken in to Insolvency

• A SVB short seller explains red flags he saw months ago

  • HN comments

• SVB depositors, investors tried to pull $42B Thursday

  • HN comments

• Silicon Valley Bank failure could wipe out 'a whole generation of startups'

• Silicon Valley Bank’s collapse sends shivers through China startups

• Bill Ackman: The gov't has about 48h to fix a-soon-to-be-irreversible mistake

  By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or @BankofAmerica acquiring SVB before the open on Monday, a prospect I believe to be unlikely, or the gov’t guaranteeing all of SVB’s deposits, the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs).

  • HN comments

• Ask HN: Should I pull (some) cash out of BofA?

• Silicon Valley Bank staff offered 45 days of work at 1.5 times pay

• Hundreds of startups face 'extinction-level event' if no one buys SVB by Mon

Gubmint / Poilitcks / Law Making

• 'Anonymous' Biden Official Who Lied to Press About Trump-Era Spy Balloons Is Exposed – RedState

• The Democrats Have Lost the Plot

  Michael and I were trying to describe a system that wants to bypass proof and proceed to punishment, a radical idea that this new breed of Democrat embraces. I think they justify this using the Sam Harris argument, that in pursuit of suppressing Trump, anything is justified. But by removing or disrespecting the rights to which Americans are accustomed, you make opposition movements like Trump’s, you don’t stop them.

World

• Canada's way of life in jeopardy as gov fails to take security issues seriously