Live data from Hacker News

I accidentally loaned all my money to the US government

beanlog.vercel.app

111–120 of 512 posts

Re: I accidentally loaned all my money to the US government

#111
This'll be a good story to tell at the bar once all the money comes back. I'm still baffled by how someone thought "let's see what happens if I send $20k here when the system says it shouldn't be possible".

Strip a few zeroes from there and I guess it's worth the funny anecdote, but these are serious amounts of money that the author just sent into the black hole of bureaucracy for shits and giggles.

Re: I accidentally loaned all my money to the US government

#112
post #73
post #27

Earlier quoted context omitted.

I found that ambiguous, could either read it as the excess amount or the entirety of the purchase that resulted in excess balance. But anyway it just shows more UX issues - if it's the former then why didn't the balance update to show $10k; in either case why does it accept the payment before checking? It should just say no you've hit your limit this year, or you've already subscribed $25 this year you're limit is $9…

It is probably backed by some old mainframe system and done in batches. Earlier the post told it took couple days for 25$ to show up. So it is not real time system, but likely processed weekly, monthly or like. And all of the messes are bunched up and processed for single out come for period of time. User was just stupid not to wait a week before next attempt...

'Cannot make further subscription while one is pending, try again later' then.

But I don't see why you can't just record '25' even if it won't settle for days/weeks, and not allow >$9975 in the meantime. (If the $25 doesn't go through then fine, you just end up with $25 capacity still.)

I bet it allows you to make a single >$10k payment only to reject it (on an 8-10week time frame) if it behaves like this.

Re: I accidentally loaned all my money to the US government

#113
post #2

“if you buy before May this year, you get a guaranteed ~8.5% return over the next 12 months” I don’t think this is correct. They’re going to re-calculate the interest rate 6 months from May and it could be less than ~8.5%. So you’re really just guaranteed ~4.25% for half the year.

If you bought in April, you locked in the April rate for 6 months, and then the May rate for 6 more. Both values were known last month, which is why it's ~8.5%.

If you buy in May, you lock in the May rate for 6 months and then an unknown rate after that.

Re: I accidentally loaned all my money to the US government

#114

I thought this was funny. Weird comments in the thread about how he/she should have known better. Author is not making a complaint to demand internet outrage. There is no inflammatory justice warrior content here. Sheesh! Author admits they screwed up, decided to share the screwup, and who hasnt been trough that exact dunder blunder? Fun short read 8/10.

It’s not a big deal, it’s just the author did a bonehead move and it writing it up because it’s funny.

I think it’s appropriate to say they made a stupid mistake and move on.

The author is likely a little frustrated so I can forgive their shade throwing at treasury.

Re: I accidentally loaned all my money to the US government

#115
post #73

Earlier quoted context omitted.

It is probably backed by some old mainframe system and done in batches. Earlier the post told it took couple days for 25$ to show up. So it is not real time system, but likely processed weekly, monthly or like. And all of the messes are bunched up and processed for single out come for period of time. User was just stupid not to wait a week before next attempt...

Why do they take the money before checking if they should take the money? If they waited a week they wouldn’t get the 8.5% (I believe)

The email of over payment seems to be dated 13th of April so there should have been some time left in that month. At least I think it is tied to month and not certain date in a month.

Re: I accidentally loaned all my money to the US government

#116
post #92

Earlier quoted context omitted.

I have witnessed this working at FAANG where people usually have the choice to allocate their grants into either risky options or safe, straight cash. The amount of people I see going all-in into the riskiest option and then proceeding to not understand why they lost their "compensation" (?) when the stock drops frightens me.

Options? Or RSUs?

Spotify has both RSUs and options, you can choose which one you want and I think they do a very good job of explaining the differences in risk. You can also choose to be paid in cash if you want zero risk (but also zero gain)

Re: I accidentally loaned all my money to the US government

#117
post #102

Earlier quoted context omitted.

Yeah, I noticed that too His 10k bonds should be there, they will refund the excess, not the whole thing

Still leaves them with $200, waiting for the erroneous $10k to be returned. The author's reading comprehension may leave something to be desired, but so does the interface they were using.

Actually, only the second transaction's rejection is good evidence that the author's interpretation is wrong! The wording of the interface is definitely pretty terrible.

Re: I accidentally loaned all my money to the US government

#118

Earlier quoted context omitted.

Is the US government really that bad? I hear Americans complain about it all the time but from my experience in the UK the government is mostly competent most of the time.

It's vast and unpredictable. Example: Two weeks ago I re-entered US as a citizen. Several people ahead of me smoothly went through the border control line. I was 'randomly' chosen for inspection by border patrol, an agent fabricated a story that a dog alerted, and I was forcibly strip searched where yet another agent fabricated he saw a 'plastic baggy' coming out of my ass. This 'evidence' was used to cuff and shackl…

If there are government agents out there that do that sort of thing as a matter of course, they should be prosecuted without mercy and imprisoned for decades as the criminals they are, if not lined up and shot at dawn.

Re: I accidentally loaned all my money to the US government

#119
post #2

“if you buy before May this year, you get a guaranteed ~8.5% return over the next 12 months” I don’t think this is correct. They’re going to re-calculate the interest rate 6 months from May and it could be less than ~8.5%. So you’re really just guaranteed ~4.25% for half the year.

If you bought in April, you locked in the April rate for 6 months, and then the May rate for 6 more. Both values were known last month, which is why it's ~8.5%. If you buy in May, you lock in the May rate for 6 months and then an unknown rate after that.

Ah, I see: https://www.treasurydirect.gov/indiv/research/indepth/ibonds...

“We set the inflation rate every six months (on the first business day of May and on the first business day of November)”

So by buying in April, the next rate change on your own bond would be in October, which would still be before the next inflation rate change.

Re: I accidentally loaned all my money to the US government

#120
post #62

> They require you to enter your password by clicking on a virtual keyboard. This pseudo-security measure actually only slows down humans, not bots, because you can still edit the value of the text field using Javascript. I don't think this is generally worth it as a security measure, but the goal is not to protect against automation. Instead, custom on-screen keyboards are attempts to thwart keyloggers.

In fact, if you notice when you log in the next time, (for many people) your browser may offer to autocomplete your password and bypass the mouse-driven keyboard, so it's definitely not even hard to thwart.

So, in the described scenario, the password never shows up in the keyloggers log. Works as intended.
Post reply on HN