Josh Hansen @me@joshhansen.tech

Hacker-poet. Learn Something cofounder & CTO. Creator of Seattle Poetry Meetup. To me everything is craft; everything is creativity.

Jack of all trades, but master of some. Typescript, Rust, Kotlin, Python—collector of programming languages since age 11. Deep neural networks, reinforcement learning, AI if you must....

Project concepts and progress; kind-hearted smackdowns; quesadilla technique if you're lucky.

Github

https://github.com/joshhansen

LinkedIn

https://www.linkedin.com/in/hansen-josh

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Josh Hansen
@me@joshhansen.tech

Silicon Valley Bank: how can we reconcile these claims?

  1. All deposits, not just the usual $250k, will be insured
  2. No taxpayer funds will be used.
  3. SVB is a failed bank

Is this basically a bankruptcy, but where deposits are prioritized over everything else?

Also wondering: why was the Federal Reserve part of the announcement?

What is the legal basis for adjusting the deposit insurance limit from $250k to $∞ after the fact, without new legislation?

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  • 6 months ago
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