A ChatGPT plugin is essentially an app that people can use within the normal ChatGPT interface. In particular, a ChatGPT plugin is an API with a manifest.json file that is registered with OpenAI. ...
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"Imagine if you bought $100,000 of bonds and then the bond market dropped by 20%. If you were a normal, rational person, you would say your portfolio is now worth $80,000. However, if you were a...
What is a Master Netting Agreement and How Does it Work? [with Examples]
Conceptually, a master netting agreement is very simple. It just says that if Alice owes Bob $7 for ice cream last week and Bob owes Alice $10 for lunch yesterday, then Alice and Bob can settle both...
Bank balance sheets are filled with lies because the majority of assets on their balance sheet are usually reported at "amortized cost" rather than "fair value". When interest rates go up, the...
Barney Frank is a retired Democratic congressman who co-authored the Dodd-Frank Act (the set of new banking regulations that came in the wake of the Financial Crisis) and sat on the board of...
Will Credit Unions be Affected by Silicon Valley Bank (SVB)’s Failure?
"Even Tech CU (a Silicon Valley credit union catering to tech workers) only grew its deposits by 35.6% from the beginning of 2020 to the end of 2021. That's almost 6 times less than the deposit...