Quak, Quak, quuaakk

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Joined 1 year ago
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Cake day: December 23rd, 2023

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  • It was introduced long ago and in the spirit of the law it gave manufacturers a decade to switch to the new standard, phase out the old connectors and sell off their old stock. If manufacturers chose to stick with the old until the last minute…

    The same happened with GDPR. It was introduced with a lead in time of 5 years… everyone ignored it until it was mandatory and then everyone panicked and scrambled. If you wait to start your homework until the evening before it’s due, there will be stress.





  • RubberDuck@lemmy.worldtoTechnology@lemmy.world*Permanently Deleted*
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    23 days ago

    With banks this is also true if they do not have enough liquid assets to meet the legal requirements. So the bank might not be able to count all bank accounts as assets but the FDIC is. Also they can then restructure the bank and force creditors to take a haircut.

    This is why investment banks should be separate from banks that have consumer accounts that are insured by the government.
    Then you can just let the investment bank fail. This was the whole premise of glass steagall that was repealed under clinton…