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jpoesen 2 years ago

Decades of deregulation. More to come.

gruez 2 years ago | parent | next [-]

What specific regulation would have prevented this? Or is this just a knee jerk response against "deregulation"?

bdangubic 2 years ago | parent | next [-]

the one simple one I can think of would be to specifically make depositor acknowledge “hey this is not FDIC ensured, do you want to proceed?”

probably still some percentage of people would fall for it and continue with the creation of an account but at least then this discussion here would be “stupid is as stupid does.”

rvba 2 years ago | parent | prev [-]

One could make a regulation that account data cannot be lumped.

pxmpxm 2 years ago | parent | prev [-]

Sounding edgy doesn't really mask the fact you have no idea what you're talking about. See https://en.wikipedia.org/wiki/Dodd%E2%80%93Frank_Wall_Street... for example