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A comment on Robinhood Will Retool Checking Product Following Scrutiny. Parent comment

Re:Robinhood Will Retool Checking Product Following Scrutiny by fastball on Sunday December 16, 2018 @02:33AM (#18692167)
I don't know.

This line from the SIPC CEO

  ...I have serious concerns about this. This has gigantic ramifications for the banking industry.
makes me thing that this is precisely what it is. "We don't want to let you do this easily because the other banks can't compete."
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Re:Robinhood Will Retool Checking Product Following Scrutiny by jakebasile on Sunday December 16, 2018 @02:33PM (#18694709)
Uninsured deposit accounts in a fractional reserve system are extremely risky to the banking system as a whole. Perhaps he meant that?
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