▲ | SilverElfin 3 days ago | |
Citizens as individuals, sure. But banks that are massively concentrated are more like public utilities not individual citizens, in terms of their criticality to a functioning society. They need to be regulated like that. | ||
▲ | evanjrowley 2 days ago | parent [-] | |
Both US banks and utilities are considered critical infrastructure under Executive Order 13636 of 2013. The government is charged with ensuring their resilience and availability to maintain a stable society (in the face of cyber threats). If politics is a risk to stability (I know at least one fortune 100 finance company that does have it in their risk register) then this Trump executive order against de-banking is aligns with the former one from the Obama administration. A defense against de-banking is a bi-partisan win. |