Hacker News Reader

It is getting some hate, but I am finding Bing AI to be actually way more useful than ChatGPT in tons of instances. Especially with the ability to select your response level.

View on HN

I was hoping it could combine some news together. Like 'which law caused the banks to fail'?

No news article actually mentioned the law, they just said 'Trump'. Bing couldnt figure it out either.

Which law caused the banks to fail? SVB failed because they took the wrong risks. I don't understand what your question means.

If you read any articles they always point to some deregulation by Trump, or some deregulation in 2010. No idea what they mean, they just wave their finger.

The Trump action most relevant was the “Economic Growth, Regulatory Relief, and Consumer Protection Act” of 2018, specifically Section 401 which lifted the threshold for certain requirements from the $50 billion in assets that had been set under Dodd-Frank in 2010 to $250 billion, exempting regional banks of SVBs scale.

https://www.congress.gov/bill/115th-congress/senate-bill/215...

Thank you

Reply on news.ycombinator.com