@SenTuberville Great to see you’ve reconsidered after voting against this legislation. Please thank those who passed it on behalf of you constituents.
English
Eric Gonzalez
5.7K posts
Eric Gonzalez
@ericgonzalez
🇺🇸who posts about Investing (not financial advice), Artificial Intelligence, Blockchain, and Energy Transition.
Katılım Şubat 2007
153 Takip Edilen641 Takipçiler
Broadband is vital for the success of our rural communities and for our entire economy.
Great to see Alabama receive crucial funds to boost ongoing broadband efforts. yellowhammernews.com/alabama-to-rec…
English
GM and Tesla partner on EV charging network, following Ford’s earlier decision to use NACS. The CCS standard is probably dead in North America. cnbc.com/2023/06/08/gm-…
English
Absolute madlad smoking BBQ while outside waiting in line at one of Texas' top BBQ restaurants: youtube.com/watch?v=7KtJyE…
YouTube
English
Waging war on the labor pool keeping your state fed isn’t smart. Regardless of what happens, the damage is done. Food prices will explode in Florida because retailers won’t let a crisis go to waste.
Arturo Dominguez@extremearturo
Spanish language social media has exploded with Latino truck drivers calling for a boycott and refusing to take shipments into Florida. Things are about to get interesting.
English
The writer’s strike is probably going to lead some low budget studios using ChatGPT or other #AI to write episodes. If TV program quality in a few months time holds, it’ll be a massive shift in content production. My guess is it will work for formulaic series like reality tv.
English
Youtube is about to get even weirder. Hybrid generative AI/AR tools like Wonder dynamics will give every solo video creator their own Lucasfilm special effects department. youtube.com/watch?v=0WFTvk… #AI #AR #GenerativeAI
YouTube
English
Fears around AI understandably focus on mass unemployment or the control problem. I think a more immediate problem is generative AI employed for disinformation.
English
Related question: if the fed repossesses SVB and SBNY assets, and it turns out a majority are treasuries which can be retired at a discount, are they profiting and if so by how much? (Not intended to be a leading question).
M Mohan@mukund
Questions. 1. If none of the losses will be borne by depositors, taxpayers or the government. Who pays? 2. Were there losses (both SVB and SBNY) from sale of assets? 3. How many other blanks will be in the same situation ?
English
@whurley @tcufrog99 @AustinInno @federalreserve @USTreasury The idea here is to prevent bank runs by backstopping depositors rather than backstop investors. The latter would truly be a bailout.
English
@tcufrog99 @AustinInno @federalreserve @USTreasury Fair point. Very fair. I think my distaste for this solution prompted my to tweet to quickly.
It’s unfair that you’re not protected as a shareholder.
Austin, TX 🇺🇸 English
🤯 So wow! I was wrong so was everyone else… no 50%…
100%!!!
THE @federalreserve IS BAILING OUT #SVB
Between this and the @USTreasury actions over the past few years, this will eventually make it into every tax payers pocket.
Thank goodness it happened but…
This will come back to but it’s in the ass, this is insane.
Austin, TX 🇺🇸 English
The fed is fast approaching a liquidity floor, me thinks
Lyn Alden@LynAldenContact
The numbers are in. The Fed's balance sheet increased by nearly $300 billion last week.
English
Eric Gonzalez retweetledi
1. Only 2.7% of SVB deposits are less than $250,000.
Meaning, 97.3% aren't FDIC insured.
English
Eric Gonzalez retweetledi
investors who ask "how can i be helpful": today is a good day to offer emergency cash to your startups that need it for payroll or whatever. no docs, no terms, just send money.
it's hard for me to imagine depositors actually losing money here, but so stressful in the meantime...
English
Startup founders, you’re going to get asked about SVB. Compile questions and answers and put it out there right now.
English
Eric Gonzalez retweetledi
$SIVB closure & receivership is going to have a massive impact on the tech ecosystem. SVB was not just a dominant player in tech but were highly integrated in some nontraditional ways. A few things we'll see in the coming days / weeks...
English
Eric Gonzalez retweetledi
This is an *extinction level event* for startups and will set startups and innovation back by 10 years or more.
BIG TECH will not care about this. They have cash elsewhere.
All little startups, tomorrow's Google's and Facebooks, will be extinguished if we don't find a fix.
English
What was thought to be contained with SVB and Silvergate has now spread
finance.yahoo.com/news/yellen-sa…
Trading also has been halted for First Republic, Signature, and PacCorp. This will be an extinction level event for many small startups using SVB. FDIC insurance isn’t much runway.
English
In 2023, Standard operating procedure for a criminal in political office is now to blame the opposition for doing the same, thereby tainting any investigation of said criminal as political.
English
I'm thinking we really need to bring back the Fairness Doctrine. Media disinformation helps feed this House of Rep paralysis. #SpeakerVote
English