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hannotek
hannotek@fountain.fm
npub1j948...v0tw
Reads and writes poetry | Researches declassified government documents and bureaucratic inefficiency | Avid but amateur gardener | Retired veteran seeking peace
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hannotek 1 month ago
The FDIC’s favorite line is true: no insured depositor has lost a penny since 1934. In March 2023 that line needed an asterisk. SVB, Signature, and First Republic failed inside weeks. The $250,000 cap was overridden by a systemic-risk exception. Most of the ~$18.7 billion hit to the Deposit Insurance Fund came from covering deposits above the limit. GAO had flagged both SVB and Signature since 2018. The OIG later said the agency wasn’t ready. The response since has been to loosen merger review, not tighten supervision. The cleanest government-corporation design in the set still became an implicit guarantee the week it was tested at the speed of a group chat. View article →
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hannotek 1 year ago
Hey, #nostr fam! I’ve been on a streaming support kick lately on @Fountain. What started with podcasts has expanded into the music. I now have a playlist of all my favorite artists and songs that I listen to all day. If you’re on my list, I’m streaming to you! Value for value…that’s what this about right?? That’s what strengthens our community, and I am 100% on board now. @Contra @𝕾𝖊𝖗 𝕾𝖑𝖊𝖊𝖕𝖞 @NumberGoExp, you’re my latest list additions…Keep killin’ it! View quoted note →
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hannotek 1 year ago
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