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clutchtwopointzero

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clutchtwopointzero , to nottheonion in Louisiana's new "Ten Commandments" law actually contains eleven commandments

PowerShell is an objectively ugly language to read

clutchtwopointzero , to news in Fearing Losses, Banks Are Quietly Dumping Real Estate Loans

this is true. but regulators still hold CROs accountable for that .

clutchtwopointzero , (edited ) to news in Fearing Losses, Banks Are Quietly Dumping Real Estate Loans

Tough situation for banks and people working inside them. For those clamoring that it is 2008 all over again, it is, because the way markets and companies work has not changed (and a bank is just another type of company).

Suppose you are a chief risk officer of one of those banks before Covid hit. You have been hired by the CEO so you need to play with the CEO to advance his/her agenda. Other banks are lending more and more to commercial real estate developers as there is demand and they are paying their loans on time. Your own bank’s board of directors and CEO are putting pressure to join the market and lend more to those property developers otherwise you own bank’s profit will look lower than the competition. You know that, by doing so, the concentration of loans in that sector will become quite high but, if you keep resisting, the CEO and/or the board will find someone more amenable who doesn’t seem to panic when every other bank is making money. Then you cave in. You decide to approve more business going to those loans although you caveat that this might exceed risk appetite and gets the board and CEO to formally approve it as well.

Now the bank is proudly going with the flow and investors are not complaining anymore.

clutchtwopointzero , to linux in Systemd 256.1 Maintenance Release Fixes Home Directory Deletion Bug

using systemd instead of rm -Rf is not the Unix way!

clutchtwopointzero , to worldnews in U.S. as many as 15 years behind China on nuclear power, report says

Hahahaha… China is also behind fracking and all stuff that happens to aquifers. Losers…

clutchtwopointzero , to linuxmemes in Windows updating just before thesis defense

Probably Windows default is just Pacific Time.

clutchtwopointzero , to news in LIVE UPDATES: TRUMP GUILTY ON ALL COUNTS IN HUSH-MONEY CASE

Has always been, even without the graphics. The adversarial system makes it a competition with a scoreboard

clutchtwopointzero , to funny in Unbelievable luck!

The odds were 1:1

clutchtwopointzero , to world in Ex-Royal Marine charged with spying for Hong Kong found dead in park

UK seems to have a comparatively large number of people dying during peace time within its borders due to foreign countries’ actions

clutchtwopointzero , to news in Biden should have pardoned Trump on federal charges, Mitt Romney says

Yes. I guess Mitt’s medication has changed or he recently took up on pot

clutchtwopointzero , (edited ) to news in Biden should have pardoned Trump on federal charges, Mitt Romney says

Excellent point. And pardons are only given after the legal system concluded someone is guilty. Mitt is advocating for executive interference over judicial processes.

clutchtwopointzero , to world in Google accidentally deleted a $125 billion pension fund's account

Amazing how Google doesn’t get product management right

clutchtwopointzero , to linux in Wayland usage has overtaken X11

These days the unique use case X was designed for is very, very niche. For everyone else, Wayland is the way to go.

clutchtwopointzero , to world in Exclusive: Cambridge's wealthiest college to divest from arms companies

The endowment management side does actually run like an investment bank, private equity, and asset management firm and is staffed by people who worked on those.

clutchtwopointzero , to news in Banks have given almost $7tn to fossil fuel firms since Paris deal, report reveals

In this case, regulation is the only way to slow down something that is otherwise quite profitable, as the money is not “given” but those are.loans that are being repaid. But then regulation is not perfect since regulatory bodies are staffed by former bank executives.

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