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post hole digger posted:she also scrubbed the pricing page after people caught it lol im the...copyright 2020 on the bottom of the pages no, im the "blog" that exposes the subdomain on her lovely crm platform
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Mar 12, 2023 19:53
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like i said, i feel bad for the workers caught up in this: i know there are at least a few of you that have spoken up itt, and probably more lurkers. its not your fault these people are deranged sociopaths, but they're really showing their whole asses here and it makes me extremely mad
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Mar 12, 2023 19:54
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https://mobile.twitter.com/TheStalwart/status/1634946278269526016
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Mar 12, 2023 19:57
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Beeftweeter posted:she's huffing her own farts. even if you take what she says as being entirely to garner sympathy it's extremely hosed up "now i'm just a poor ol' yokel from the brown plains of central ohio, who don't know nuthin' about no tech eye-letes, with a humble dream to make the world a better place by charging people $6000 to tell 'em where to go on vacation"
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Mar 12, 2023 19:57
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I think SVB failing is bad. I also think the fed should absolutely not bail them out.
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Mar 12, 2023 19:59
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yeah that lady absolutely believes her constructed version of her life where she's somehow a blue collar CEO, i've met people like that before
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Mar 12, 2023 20:01
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ive decided to get inordinately mad about fractional reserve banking, as a stunt
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Mar 12, 2023 20:02
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Mar 12, 2023 20:04
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Jonny 290 posted:ive decided to get inordinately mad about fractional reserve banking, as a stunt good news you have company https://mobile.twitter.com/DavidSacks/status/1634363393498038273 https://mobile.twitter.com/_ali_taylor/status/1634266779592585216
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Mar 12, 2023 20:04
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rotor posted:I think SVB failing is bad. I also think the fed should absolutely not bail them out. both can be true. the bubble had to pop sometime though, we all knew this, and it was likely to be extremely quick instead of long and drawn out. having most of this bullshit centralized into one institution is just icing on that cake i do have some sympathy for the people playing by the rules and making a genuinely useful product, but for every one of those there are 20 bespoke to-do list apps that absolutely should not have received the amount of funding they did. they were always running on borrowed time and we also knew this, that's the point of these long-running threads
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Mar 12, 2023 20:04
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rotor posted:I think SVB failing is bad. I also think the fed should absolutely not bail them out. yep
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Mar 12, 2023 20:04
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https://twitter.com/modestproposal1/status/1634948185469902850
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Mar 12, 2023 20:05
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lmao too bad it didn’t throw in a “no respect” line
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Mar 12, 2023 20:05
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i tell ya, AI these days has no respect for the greats, no respect e: 
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Mar 12, 2023 20:06
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Shame Boy posted:yeah that lady absolutely believes her constructed version of her life where she's somehow a blue collar CEO, i've met people like that before iirc like 78% of Americans believe they are “middle class”
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Mar 12, 2023 20:10
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heres a thing ive been thinking about big rear end depositors in businesses more sophisticated than startups often use third party non fdic deposit insurance. is this underwritten like life insurance, where poo poo aint that correlated, or like hurricane insurance, where everyone is cognizant of the fact that it is? because theres been multiple cases where some fucker comes into hurricane insurance, underwrites it like poo poo, charges too little for premium, and loses or almost loses their shirt. reinsurance is actually only marginally bigger than fdics fund, 700 billion vs 120 billion, and lloyds will say gently caress you at some point. the massachusetts deposit insurance fund is ostensibly free - does that indicate that its underwritten like poo poo?
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Mar 12, 2023 20:10
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 feelin a little targeted here
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Mar 12, 2023 20:11
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 if this is done without legislation someone should challenge it on the same grounds student debt relief was
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Mar 12, 2023 20:13
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hey bob dobbs how is breaking quantum computing going? you’re chicken littling like a mofo. this isn’t going to be an issue at any other banks because peter theil et al aren’t trying to withdraw $50bn at once and other banks actually have reserves to cover withdrawals. the auction today will have a buyer for svb’s assets and all of the depositors will be made nearly if not completely whole. shareholders are eating the loss, though.
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Mar 12, 2023 20:16
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 getting a lot of mixed signals here
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Mar 12, 2023 20:17
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Mr. Nice! posted:hey bob dobbs how is breaking quantum computing going? FDIC "safeguarding" uninsured deposits is a just bailout on the sly. Guaranteeing all deposits (vs FDIC) lowers SVB's liabilities, increasing the value of its assets (mostly, its stock). That means whoever buys it will likely pay more for its stock to its owners- a good deal of whom are its executives and venture capital firms who invested in the startups that bank w/ SVB.
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Mar 12, 2023 20:19
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i'm not surprised. it's in bloomberg's, wapo and wsj's interest to report that a bailout might be incoming. the screeching from VC types is both extremely loud and hilarious, but they're ultimately their readership i wouldn't rush to judgment on what the fed does or doesn't do immediately. having an unsourced rumor is not the same as a policy decision
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Mar 12, 2023 20:20
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if i were a bank i would simply use my money to buy more money
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Mar 12, 2023 20:20
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Shame Boy posted:if i were a bank i would simply use my money to buy more money 
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Mar 12, 2023 20:21
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Shame Boy posted:if i were a bank i would simply use my money to buy more money
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Mar 12, 2023 20:22
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Mr. Nice! posted:hey bob dobbs how is breaking quantum computing going? hes freaking out because it actually effects him lmao
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Mar 12, 2023 20:22
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some banks are better at it than others.
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Mar 12, 2023 20:23
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going to introduce sv tech bros to a great man who wants to end the fed
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Mar 12, 2023 20:23
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 same wrt the atlantic, nancy pelosi, and sxsw. they're playing to an audience i hate to sound somewhat chuddy about this but you can't always trust the media to be objective. if they call this what it is then they lose a lot of subscribers
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Mar 12, 2023 20:23
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Beeftweeter posted:i hate to sound somewhat chuddy about this but you can't always trust the media to be objective its not good if thats become a "chud" opinion
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Mar 12, 2023 20:24
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quote:Federal authorities are seriously considering safeguarding all uninsured deposits at Silicon Valley Bank, weighing an extraordinary intervention to prevent what they fear would be a panic in the U.S. financial system, according to three people with knowledge of the matter, who spoke on the condition of anonymity to describe private deliberations. i mean, yeah, you'd expect that they'd at least discuss the idea
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Mar 12, 2023 20:25
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post hole digger posted:its not good if thats become a "chud" opinion agreed, but that's in more re: nancy pelosi, silicon valley and "elite" media institutions they've really made it pretty hard to be critical of anything unfortunately
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Mar 12, 2023 20:26
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AnimeIsTrash posted:hes freaking out because it actually effects him lmao it affects rotor in the next week, basically marginally and a small inconvenience, if frc eats poo poo. it will affect everyone in this thread if like 10 more banks eat poo poo. i dont own any uninsured deposit anywhere because someone basically beat into me the knowledge of what bank deposits are years ago
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Mar 12, 2023 20:26
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no more banks are going to eat poo poo because none were in the position of svb and have people trying to withdraw $42bn at once.
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Mar 12, 2023 20:28
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thats something to say next saturday, not today svb was actually better capitalized than a fair percentage of american banks
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Mar 12, 2023 20:29
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Mr. Nice! posted:no more banks are going to eat poo poo because none were in the position of svb and have people trying to withdraw $42bn at once. jason calacancis is trying his best tho.
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Mar 12, 2023 20:29
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actually did not expect this from pelosi... at firstquote:Pelosi, who represents California’s 11th congressional district, began by discussing the recent collapse of Silicon Valley Bank and the anxiety sweeping through not only her home district but the tech and financial industries as a whole. “I don’t think there’s any appetite in this country for bailing out a bank,” she said. “What we would hope to see by tomorrow morning is for some other bank to buy the bank.” She said there were multiple potential buyers, but she couldn’t reveal their names. Pelosi pointed out that former President Donald Trump had authorized the reduction of certain Dodd-Frank protections that had been instituted following the 2008 financial crash: “If they were still in place and the bank had to honor them, this might have been avoided,” she offered. but of course this reasonable take quickly veers into deranged lib-brained bullshit quote:“Money buying Russian oil is paying for the assault on democracy in Ukraine,” Pelosi said. She accused China of “buying” votes from smaller countries at the United Nations, and said the U.S. must join with the European Union “in using the leverage of this big market to have the playing field be more even.”
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Mar 12, 2023 20:31
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uh that's jason@calcanis, 3 time angel investor, thankyouverymuch
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Mar 12, 2023 20:32
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bob dobbs is dead posted:thats something to say next saturday, not today nah i can say it today. this isn’t an issue elsewhere, and svb’s depositors will be fine with access to most or all of their funds tomorrow following the conclusion of the auction today.
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Mar 12, 2023 20:32
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i think he's the inventor of email too
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Mar 12, 2023 20:32
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