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A comment on Leak reveals $2T of possibly corrupt US financial activity. Parent comment
Not a bank employee leaking the data.
Why would they leak it? Cause they know the system is fubar.
The simple question to ask is how many people are needed to monitor the system.
Now you have one clown after another saying the banks file zillions of reports every day.
Thats not the issue. Someone has to monitor all that.
And when that someone realizes they arent making a dent, given the volumes, they get sick of the pointlessness and leak the DB.
This is going to keep happening. Swiss leaks, Panama papers, libor etc etc
We have learnt how to scale things up over the last 20 year exponentially.
But oversight can't scale exponentially.
It's unsustainable and pressure will build to ridiculous levels on regulators and law enforcement.
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Not a bank employee leaking the data.
Why would they leak it? Cause they know the system is fubar.
The simple question to ask is how many people are needed to monitor the system.
Now you have one clown after another saying the banks file zillions of reports every day.
Thats not the issue. Someone has to monitor all that.
And when that someone realizes they arent making a dent, given the volumes, they get sick of the pointlessness and leak the DB.
This is going to keep happening. Swiss leaks, Panama papers, libor etc etc
We have learnt how to scale things up over the last 20 year exponentially.
But oversight can't scale exponentially.
It's unsustainable and pressure will build to ridiculous levels on regulators and law enforcement.