Paraguay seizes major digital bank tied to president, leaving customers in limbo(apnews.com)
15 pointsby JumpCrisscross3 hours ago1 comment
  • altairprime2 hours ago
    This topic isn’t newsworthy for HN as presented.

    > Off-Topic: Most stories about politics, or crime, or sports, or celebrities, unless they're evidence of some interesting new phenomenon. If they'd cover it on TV news, it's probably off-topic.

    How is the collapse of Ueno Bank relevant to HN?

    - It’s not closely tied to HN or the VC community like Silicon Valley Bank was.

    - It’s not a bank that was noteworthy for innovations in HN-relevant topics

    - It’s a standard ‘undercapitalization’ collapse scenario with no unique, newsworthy, or innovative HN-relevant economics or politics involved

    So I don’t see why this is a worthwhile post here. This is, as of right now, a boring econ/polit event and will definitely be covered “on TV news” (and I say that as someone who enjoys studying and writing about economics!). Without further explanation of specific relevance to HN, it without the eventual ‘what happened and why?’ essays that will follow when Breaking News is replaced by Informed Analysis, I don’t think this (yet) deserves HN’s attention as a community.

    • TFNAan hour ago
      HN is, per the guidelines, for anything that satisfies intellectual curiosity. It hasn't been just a tech site for long years now. Paraguay is among the least-known countries in South America even for keen travelers, so this is an opportunity to learn more about it. It is also interesting to me at least that bank collapses (which come up so much in 19th and early 20th century history) can still happen today.