stevedewald

12 ms·

1.
by stevedewald 3y ago
This article is incorrect. The rule implemented a safe harbor for large card issuing companies that have to comply with rules regarding late fees. The safe harbor means issuers can charge $8 late fees and be sure they are in compliance. C
2.
by stevedewald 3y ago
You introduced sex into a discussion where their sex is completely irrelevant.
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by stevedewald 3y ago
$32.6T national debt as of August 2023 / population of 333M in most recent census = $98K/person [1] https://en.m.wikipedia.org/wiki/National_debt_of_the_United_... [2] https://en.m.wikipedia.org&#x
4.
by stevedewald 3y ago
Is oxygen flammable? I’m pretty well-educated and that question gave me pause. I know oxygen is involved in the combustion process, so I think the answer is yes, oxygen is flammable. That feels like a trick question though.
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by stevedewald 3y ago
Yes. You give away information about your position and capabilities if your defensive system triggers inadvertently.
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by stevedewald 3y ago
Hedge fund manager here. Depositors and banks are counterparties, and every financial institution & fund I’ve ever encountered does significant and ongoing diligence on their multiple banking relationships. It’s hard to imagine how irr
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by stevedewald 4y ago
It does not come from “taxpayers” per se, it comes from people who keep money in U.S. bank accounts.
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by stevedewald 4y ago
That is not correct though. With the question phrased this way the second and third logicians don’t know if the previous ones want a drink or not.
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by stevedewald 4y ago
It’s because someone could short (borrow) GBTC and redeem it for BTC for an immediate profit. The premium would disappear near instantaneously as short sellers captured the spread.
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by stevedewald 4y ago
Dropping out of school isn't really an accomplishment. Neither is failing at building a company despite raising $30 mil in funding.
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by stevedewald 4y ago
You already can. You just can’t sell them to other people on Apple’s platform.
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by stevedewald 4y ago
This is just investor fraud. Customers funds are a separate issue not regulated by the SEC.
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by stevedewald 4y ago
The SEC isn’t responsible for protecting customers. We’ll have to see which other agencies get involved and what they charge him with.
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by stevedewald 4y ago
Labeling them as Ponzi schemes affords people in the US who lost money special tax benefits. It’s treated more similarly to theft than a bad investment. I am not sure about other countries, but in the US the label has real consequences.
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by stevedewald 4y ago
It doesn’t cover any off-chain liabilities. Note that for most exchanges a material portion (most?) of their liabilities will be off-chain—e.g. fiat customer deposits.
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by stevedewald 4y ago
I think you have it backwards. The supply of quality education hasn’t increased. Only the dollars chasing that supply have increased. Hence prices have gone up.
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by stevedewald 4y ago
The title of this article is pretty offensive. I don’t want to read it. Is there some context that makes the racial slur appropriate here? Or we allow it because racism against white people is in vogue?
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by stevedewald 4y ago
“Drugs are bad, mmkay” is something we teach kids at an age when they are unable to process more complex or nuanced positions. It’s highly unlikely that you’ve never taken psychoactive substances—caffeine, for example, is found naturally in
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by stevedewald 4y ago
That was delightful. Thanks
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by stevedewald 4y ago
Just my personal experience—the estimated delivery at checkout is almost always 1-2 days earlier than in the email confirmation a minute later.
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by stevedewald 4y ago
Do you mean programming competitions? They were a huge thing for me in high school, and that was 20 years ago. I have to imagine they’re an even bigger thing now.
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by stevedewald 4y ago
Most of their spend is on employees and marketing/advertising.
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by stevedewald 4y ago
They really lost money because their trading volume fell.
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by stevedewald 4y ago
Most investors care about after-tax returns, so increasing the tax rate on certain assets will decrease demand for them.
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by stevedewald 4y ago
1.5 million won’t be a huge amount in a couple of years either at this rate.
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by stevedewald 5y ago
He thinks 7% of the engineering team works there because of him? I wonder how important he thinks compensation, work satisfaction, and the rest of the team is to engineers’ decisions to work there. This guy strikes me as pretty egotistical
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by stevedewald 5y ago
Evergrande and Lehman Brothers aren’t really comparable. A real estate development company defaulting on its debt means losses for investors, most of which have diversified portfolios and can absorb the loss. $300bn in debt is a lot, so I
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by stevedewald 6y ago
I'd encourage you to consider NOT nuking a post/comment just because it gets downvotes. We already have too many people afraid to speak for fear of judgement by the mob. You're clearly a thoughtful person, and I believe the
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by stevedewald 6y ago
Yes, after paying salaries, owner distributions, etc. There isn’t much incentive for small businesses in the US to keep excess cash in the company.
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Angelo Gordon Halts Investor Redemptions(businesswire.com)
1 points by stevedewald 6y ago|0 comments

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