one of key points of Dodd-Frank was for anything over $250K to be fair game for utilizing to bail out the bank (already happened with the Euro banking crisis, depositors took lose on holdings that went to bank “bail-in”).
Why was this not the case here?
NFT grifters moving to nostr and putting their jpegs as ordinals to keep the grift going
Yep. Everbody I know that’s not in startup world or crypto I’ve spoken to has no idea about any of this. Don’t care.
Charter might not allow it
APPARAT - "SWEET UNREST"
Now playing on https://nostradio.fyi
🧐
Probably a little quick to fire this one off.
Yet to have a specific community attach itself to it.
Nostr has btc. Farcaster has eth people. Bluesky is general.
This week's 10 SONGS
https://tidal.com/playlist/cfb5488e-821b-4773-b210-7474bb975e3c
low interest rate environment of last few years created environment of outsized capital deployment. VCs spent fast in big early rounds. Those startups deposited money into SVB.
SVB put that money to work but the assets they got have depreciated against interest rates (they lost billions).
Add to that, startups aren't raising as much. So deposits incoming to SVB are nowhere what they were. So they can't meet their deposit liabilities.
Nothing new for zap hour. But a few of us helping Bed Stuy Arts Center keep it's doors open and resources.
#[0]
For sale. Solvent crypto-bank.
Never worked.
A few us helped get this set up on Geyser.
Help use your sats to keep the doors open for Bed Stuy's Afrikan Arts and Culture Center.
Teaches the kids in our community cultural, social and financial values.
Legends.
Long read but good blogs here on the thematic ideas that unify them all and the mythological devices deployed. Included one of the best parts - the underground dance scene.
http://blogs.wylfing.net/coronas/the-matrix-reloaded-explained/
Will die on this hill - originally trilogy (all 3) are perfect. Thematically complete (not without fault) but wonders of vision and cinema.
One of them is literally a narc