Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC

Re:Joint Statement by the Department of the Treasury, Federa... by skwirl on Sunday March 12, 2023 @07:31PM (#35128137)

The people I lost respect for was a large portion of HN commenters calling on bank depositors - largely small businesses - to be snuffed out because there was a run on their bank. The comments have largely been factually wrong, misleading, and downright psychopathic. I am glad our government is not controlled by such people, but I question the value of this forum going forward given the large portion of it that is so incredibly toxic and so poorly informed.

[ Parent | on HN ]

Re:Joint Statement by the Department of the Treasury, Federa... by AlchemistCamp on Sunday March 12, 2023 @08:44PM (#35128941)

I had the same thoughts. It’s really disappointing how badly the forum has been overrun with trolls.

There’s clearly some political motivation for many, but it looks like it’s coming deeper psychological issues. Whatever the reasons, the forum is full of people who have very little understanding of or experience with startups or venture capital but deep hatred for them and even deeper, misinformed beliefs about them.

I’d estimate somewhere between a third and half the comments on the giant post yesterday violated the site guidelines.

[ Parent | on HN ]

Re:Joint Statement by the Department of the Treasury, Federa... by greenyoda on Monday March 13, 2023 @12:26AM (#35131054)

I'm pretty sure that calling your fellow commenters "trolls" and accusing them of having "psychological issues" also violates HN Guidelines, which say:

> Be kind. Don't be snarky. Converse curiously; don't cross-examine. Edit out swipes.

> Please don't fulminate. Please don't sneer, including at the rest of the community.

https://news.ycombinator.com/newsguidelines.html

[ Parent | on HN ]

Re:Joint Statement by the Department of the Treasury, Federa... by AlchemistCamp on Monday March 13, 2023 @02:22AM (#35131841)

I suppose that might run afoul of the guidelines, though I did not call out any specific commenters and I think we can all agree there were some trolls on that thread. You can look for yourself and see some newly created and quickly banned green accounts on it.

The comment you're replying to was my honest assessment of the situation, given the many dozens of comments hoping for people to lose their bank deposits and for their businesses (or those that employ them) to fail.

[ Parent | on HN ]

Re:Joint Statement by the Department of the Treasury, Federa... by tomato_123 on Sunday March 12, 2023 @09:36PM (#35129520)

All of these companies could have sold their uninsured deposits at a discount, made payroll, and let their equity holders take the loss. This is what equity holders are supposed to do. Instead they went on an embarrassing twitter begging campaign and unfortunately succeeded. The whole "workers missing mortgage payments" or "destroying a generation of innovation" is an insane, buck-passing take.

[ Parent | on HN ]

Re:Joint Statement by the Department of the Treasury, Federa... by bryan_w on Sunday March 12, 2023 @10:01PM (#35129800)

These are the same people that influenced most of the recent opinions around Google, Amazon, Meta, etc. I'm not saying everything is peachy keen at those companies, but just keep this in mind next time you see the next "Google eats babies" or similar un-nuanced headline and comments section.

[ Parent | on HN ]