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barnaby33ParticipantNobody is immune. I don’t know if the job losses will be as bad as the tech wreck, that was pretty horrible; but nobody is immune.
I tend to agree with the author that those who are designing and building new software are more at risk than those who maintain it. The email administrator is crucial to daily operations. The programmers writing the new version of a product, not so much. Woe is me.
Joshbarnaby33ParticipantNobody is immune. I don’t know if the job losses will be as bad as the tech wreck, that was pretty horrible; but nobody is immune.
I tend to agree with the author that those who are designing and building new software are more at risk than those who maintain it. The email administrator is crucial to daily operations. The programmers writing the new version of a product, not so much. Woe is me.
Joshbarnaby33ParticipantSmart enough to have internet, smart enough to avoid Palm-caster like the plague it is.
Joshbarnaby33ParticipantSmart enough to have internet, smart enough to avoid Palm-caster like the plague it is.
Joshbarnaby33ParticipantSmart enough to have internet, smart enough to avoid Palm-caster like the plague it is.
Joshbarnaby33ParticipantSmart enough to have internet, smart enough to avoid Palm-caster like the plague it is.
Joshbarnaby33ParticipantSmart enough to have internet, smart enough to avoid Palm-caster like the plague it is.
Joshbarnaby33Participantdavelj, from my understanding there are four major sources of bank capital: deposits, equity, bonds, FHLB system. Depending on the bank its asset base is drawn more or less from those four different sources. Depositor money is guaranteed by the FDIC and is the only one so guaranteed.
Now tell me again why it is that its unknowable how much the depositors (as a maximum) must be paid, vs the black hole that is the cds monster? If every depositor must be paid back, up to the 250k limit then a maximum is known. What isn’t known for any of these banks at least reasonably is how much they are on the hook for in terms of CDS bought and sold. If they are put into bankruptcy however that would be a triggering event and we’d very quickly find out how many cds there are.
Seldom is the easiest path the correct one from a long term stability point of view. If we keep doing whats expedient, we are just kicking the can.
I also make no claim that all of the banks have to be taken down at once, merely that severely insolvent banks as zombies will not regrow the trust that a fractional reserve banking model relies on. In that I feel I’m taking the expedient path.
Josh
barnaby33Participantdavelj, from my understanding there are four major sources of bank capital: deposits, equity, bonds, FHLB system. Depending on the bank its asset base is drawn more or less from those four different sources. Depositor money is guaranteed by the FDIC and is the only one so guaranteed.
Now tell me again why it is that its unknowable how much the depositors (as a maximum) must be paid, vs the black hole that is the cds monster? If every depositor must be paid back, up to the 250k limit then a maximum is known. What isn’t known for any of these banks at least reasonably is how much they are on the hook for in terms of CDS bought and sold. If they are put into bankruptcy however that would be a triggering event and we’d very quickly find out how many cds there are.
Seldom is the easiest path the correct one from a long term stability point of view. If we keep doing whats expedient, we are just kicking the can.
I also make no claim that all of the banks have to be taken down at once, merely that severely insolvent banks as zombies will not regrow the trust that a fractional reserve banking model relies on. In that I feel I’m taking the expedient path.
Josh
barnaby33Participantdavelj, from my understanding there are four major sources of bank capital: deposits, equity, bonds, FHLB system. Depending on the bank its asset base is drawn more or less from those four different sources. Depositor money is guaranteed by the FDIC and is the only one so guaranteed.
Now tell me again why it is that its unknowable how much the depositors (as a maximum) must be paid, vs the black hole that is the cds monster? If every depositor must be paid back, up to the 250k limit then a maximum is known. What isn’t known for any of these banks at least reasonably is how much they are on the hook for in terms of CDS bought and sold. If they are put into bankruptcy however that would be a triggering event and we’d very quickly find out how many cds there are.
Seldom is the easiest path the correct one from a long term stability point of view. If we keep doing whats expedient, we are just kicking the can.
I also make no claim that all of the banks have to be taken down at once, merely that severely insolvent banks as zombies will not regrow the trust that a fractional reserve banking model relies on. In that I feel I’m taking the expedient path.
Josh
barnaby33Participantdavelj, from my understanding there are four major sources of bank capital: deposits, equity, bonds, FHLB system. Depending on the bank its asset base is drawn more or less from those four different sources. Depositor money is guaranteed by the FDIC and is the only one so guaranteed.
Now tell me again why it is that its unknowable how much the depositors (as a maximum) must be paid, vs the black hole that is the cds monster? If every depositor must be paid back, up to the 250k limit then a maximum is known. What isn’t known for any of these banks at least reasonably is how much they are on the hook for in terms of CDS bought and sold. If they are put into bankruptcy however that would be a triggering event and we’d very quickly find out how many cds there are.
Seldom is the easiest path the correct one from a long term stability point of view. If we keep doing whats expedient, we are just kicking the can.
I also make no claim that all of the banks have to be taken down at once, merely that severely insolvent banks as zombies will not regrow the trust that a fractional reserve banking model relies on. In that I feel I’m taking the expedient path.
Josh
barnaby33Participantdavelj, from my understanding there are four major sources of bank capital: deposits, equity, bonds, FHLB system. Depending on the bank its asset base is drawn more or less from those four different sources. Depositor money is guaranteed by the FDIC and is the only one so guaranteed.
Now tell me again why it is that its unknowable how much the depositors (as a maximum) must be paid, vs the black hole that is the cds monster? If every depositor must be paid back, up to the 250k limit then a maximum is known. What isn’t known for any of these banks at least reasonably is how much they are on the hook for in terms of CDS bought and sold. If they are put into bankruptcy however that would be a triggering event and we’d very quickly find out how many cds there are.
Seldom is the easiest path the correct one from a long term stability point of view. If we keep doing whats expedient, we are just kicking the can.
I also make no claim that all of the banks have to be taken down at once, merely that severely insolvent banks as zombies will not regrow the trust that a fractional reserve banking model relies on. In that I feel I’m taking the expedient path.
Josh
barnaby33ParticipantJust keep in mind that up valley Napa is a really small sample size. The town of Napa isn’t very big either. It is interesting to hear that someone (though the source isn’t named) feels prices are heading back to 1999. Maybe the bubble in house prices in Napa started early? A lot of tech boom money flowed up there.
Josh
barnaby33ParticipantJust keep in mind that up valley Napa is a really small sample size. The town of Napa isn’t very big either. It is interesting to hear that someone (though the source isn’t named) feels prices are heading back to 1999. Maybe the bubble in house prices in Napa started early? A lot of tech boom money flowed up there.
Josh
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