Shanghai stock exchange suspends Ant Group's A-share IPO

Re:Shanghai stock exchange suspends Ant Group's A-share IPO by pjc50 on Tuesday November 03, 2020 @11:16AM (#24980945)

> Ant essentially needs no deposit to lend,

Not necessarily deposits but reserves; the whole European financial crisis of 2008+ was over the question of "what IS the minimum reserve level for systemic safety?"?

> relying on big data and not any traditional financial safety instruments

This is the Boeing 737-MAX approach: it's not intrinsically safe, but we can cover its shortcomings with software.

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Re:Shanghai stock exchange suspends Ant Group's A-share IPO by arcticbull on Tuesday November 03, 2020 @12:07PM (#24981509)

To be fair no giant metal tube is intrinsically safe when thrown through the air at 1000kph. Now, the MAX, obviously, less so haha.

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Re:Shanghai stock exchange suspends Ant Group's A-share IPO by enkid on Tuesday November 03, 2020 @01:24PM (#24982408)

Air travel is extremely, incredibly safe. It's safer than any means of travel have ever been in the history of the planet.

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Re:Shanghai stock exchange suspends Ant Group's A-share IPO by solidasparagus on Tuesday November 03, 2020 @04:08PM (#24983991)

That doesn't make throwing a metal tube through the air intrinsically safe, it just means we're very cognizant of how dangerous it is.

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Re:Shanghai stock exchange suspends Ant Group's A-share IPO by enkid on Wednesday November 04, 2020 @01:15AM (#24986753)

I guess it depends how on what you mean by intrinsically

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Re:Shanghai stock exchange suspends Ant Group's A-share IPO by arcticbull on Wednesday November 04, 2020 @11:40AM (#24990572)

I’m just saying a plane wouldn’t stay up without extensive software control. Substantially all the avionics on a plane are dedicated to covering the shortcomings and turning an intrinsically unsafe process into an exceptionally safe process.

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