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A comment on Wells Fargo says customers gave up right to sue by having signatures forged. Parent comment

Re:Wells Fargo says customers gave up right to sue by having... by caseysoftware on Saturday November 26, 2016 @11:12AM (#13044310)
If it's a win-win, then it should be okay - even good! - for the banks+government to do it again. After all, everyone made money and the economy only almost collapsed, not actually.

Regardless of the actual dollar amounts changed hands, what the US Federal government demonstrated was that risky - even illegal - behavior will be covered and some losses will be covered. It means that next time (and there will be one), we should assume the risks and losses will be even bigger.

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Re:Wells Fargo says customers gave up right to sue by having... by tdb7893 on Saturday November 26, 2016 @11:42AM (#13044486)
But the current system was insufficient to stop the previous failure, too. Wouldn't bailing them out short term and then adding some regulation long term be a sufficient solution?
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Re:Wells Fargo says customers gave up right to sue by having... by TheSpiceIsLife on Saturday November 26, 2016 @01:43PM (#13045218)
If the global financial system was built on a blockchain, couldn't we just fork and rollback the bad transactions?

But more seriously, why did the resolution have to be a bailout. Could someone with the authority, and here I mean The Government, because they've got the guns, just tell the banks to rollback the wonky transactions?

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