Big Banks Lock Horns with Personal-Finance Web Portals

Re:Big Banks Lock Horns with Personal-Finance Web Portals by 7952 on Thursday November 05, 2015 @11:15AM (#10514145)

Banks are in a strange kind of transition. For years they acted like a retail operation that treated finance as a consumer product. But actually their purpose in the modern world is as infrastructure, more similar to electricity or water. In that sense their is some similarity to cable companies who are fighting to avoid becoming just a dumb pipe.

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Re:Big Banks Lock Horns with Personal-Finance Web Portals by laotzu on Thursday November 05, 2015 @11:58AM (#10514438)

Blockbuster thought they were too big to fail too

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Re:Big Banks Lock Horns with Personal-Finance Web Portals by debacle on Thursday November 05, 2015 @12:06PM (#10514509)

Blockbuster didn't have legislative scaffolding and bureaucracy throughout the entire world on its side.

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Re:Big Banks Lock Horns with Personal-Finance Web Portals by laotzu on Thursday November 05, 2015 @04:37PM (#10516273)

The bigger they are the harder they fall

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Re:Big Banks Lock Horns with Personal-Finance Web Portals by nickpsecurity on Thursday November 05, 2015 @07:29PM (#10517120)

2008 proved you wrong for the one's that had what the parent referred to. Confess to crimes and crash economy results in $1 trillion bailout, no audits, some fines, and criminal immunity. Doesn't happen every day in industry.

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Re:Big Banks Lock Horns with Personal-Finance Web Portals by laotzu on Friday November 06, 2015 @09:36AM (#10519638)

Agreed but it is just postponing the inevitable. The bailout and bankruptcies made their closed-source hierarchical paper system even more highly centralized, while the superior electric medium is doing the exact opposite in becoming more decentralized, distributed, and open source.

http://www.frontporchrepublic.com/wp-content/uploads/2011/09...

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Re:Big Banks Lock Horns with Personal-Finance Web Portals by nickpsecurity on Friday November 06, 2015 @05:43PM (#10522566)

Their schemes have been working most of the time since creation of the Fed with usable currency and international uptake.

Using Bitcoin for its intended purpose is like gambling. Similarly for other, popular P2P. So, safe choice is better implementations of centralized model until stable alternatives exist in P2P space.

Note: Nice graphic but the best thing is looking at boards for interlock. Like Project Censored did in their nice Theory of Everything for global elites:

http://www.projectcensored.org/the-global-1-exposing-the-tra...

Now you know who they are. We've been able to figure ghe stuff out. Why still these problems? Cuz few give a shit or do anything. If that remains, we screwed in long-term. ;)

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