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Joined 2 years ago
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Cake day: July 1st, 2023

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  • Sometimes a simple mistake leads to an act of disobedience that shines a light on the foolishness of the rule in question. This is one of those times. A dress code like this is also a way of gatekeeping players that may not have the means to meet the dress code.

    I’m not suggesting they need to scrap the level of decorum entirely, but allowing for modern interpretations of business attire is reasonable.

    Also, he offered to correct the faux pas the next day of the tournament, and they refused. The article mentioned they also forced someone to leave to change their shoes - which was also ridiculous. Magnus just has enough clout to stand up to this. I wouldn’t be surprised if they amended the rule.













  • You shut your fucking mouth about the FDIC. They are 100% industry funded, they supported Americans through the financial crisis so none of them lost a dime from failing banks, they effectively regulate a large number of banks to remediate financial stress before it results in a loss, and they have never taken a dime of taxpayer money.

    And they don’t need to hold 100% of the cash in banks, do you hear yourself with how stupid that is? They model how much cash they need from premiums to hold in reserve and they are very effective at it. Also, if losses increase they can levy a special premium on banks to shore up their liquidity position like they did in the financial crisis.

    The FDIC actually has a podcast series about how they managed the financial crisis in case you want to educate your ignorant ass. I taught a whole segment in it when I taught Commercial Banking.