Loans are a payment. These were a percentage of earnings. They are very different.

This is how I think humans work. We have 5 or 8 versions of us running around in our skulls or whatever and one of them is somewhat of a supervisor.

In the past, wasn't it normal for journalists to have a particular specialization (even if that's not the _only_ thing they did), like "science reporter" or something? It is obviously impossible for every reporter to become an expert on every single topic that they might ever cover, but it is not unreasonable at all to get enough of a background on a topic that you cover regularly to be able to ask intelligent questions.

If news organizations were serious about this, they might actively look for people who _do_ have greater amounts of training/experience in a given field.

It may be true that in the current journalism paradigm the kind of skepticism called for is impossible, but it is absolutely not true that this is a fundamental state of journalism and that reporters could never become capable of doing it.

If you think management jobs are "bullshit jobs", then I envy you: You must be working with remarkably well organised coworkers.

My experience is that when managers stop doing their jobs, people start working on whatever is the most fun, stop doing boring stuff like testing if their code actually works if you leave the happy path, and ignore customer bug reports because they are too hard to reproduce right now. Then they present their super awesome new software architecture that they spent a month working on that doesn't solve any problems except implement the devs vision of a framework for inverse dependency injection or whatever they read a blog about last week.

I've talked with endless amount of people, people I know since before and people I don't know since before, and I don't think anyone (unless relevant to the discussion at hand) has asked me how much money I make, or who I'm sleeping with.

Maybe it's because I'm not 16 years old, or maybe it's because I don't frequent night clubs in hot metropolitan areas anymore, but that strikes me as very odd that most of the people you end up talking with bring up those two subjects.

Why put alcohol in there instead of being glad there's none in there and you don't need to filter it out?

You know what I hate the most in all of it ?

There was no panic to begin with - in the worst case scenario, the cut for depositors was definitely less than 10%, most probably 0.

The Jason Calacanis, David Sacks & co, decided that even that small % of losses were enough to start a bank run in order to get government involved - and make sure they are made whole.

Stress on 'THEY'. Just look at their recent tweets - did Mark Cuban said today that unlimited FDIC is a very bad thing - should 'Never' be a thing ? Amazing stuff. (edit: Here is the link => https://twitter.com/mcuban/status/1635282882259476486?s=20 )

Make no mistake - the 3 banks in trouble (there will be more. Once the fire is lit, it's hard to stop it) were extremely specific and were crypto / VCs banks. It's not random banks that failed. They failed specifically because of business they were servicing.