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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by chernevik on Sunday March 12, 2023 @07:34PM (#35128171)
And so the regulators are empowered to make a whole bunch of other decisions, such as asset and lending strategy.

I prefer to minimize regulators' control over decisions.

Perhaps you have noticed that regulators are at bottom politicians?

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Re:Joint Statement by the Department of the Treasury, Federa... by kazen44 on Sunday March 12, 2023 @08:00PM (#35128488)
at the end of the day, everything in life is political.

Did you also consider that the political incentive for a regulator are at odds with the ones running the bussiness. (mainly, not getting people killed).

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Re:Joint Statement by the Department of the Treasury, Federa... by TheOtherHobbes on Sunday March 12, 2023 @09:19PM (#35129338)
I prefer to minimise banking's influence over everything, because banking is itself a form of political regulation - but not a democratically accountable one.
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