Re:Show HN: Ranking of banks by their likelihood to collapse
by blobalob on Sunday March 19, 2023 @04:55PM
(#35223497)
Maybe what we really need is a logic bomb programmed to wipe out huge swathes of banking data and free us all from this parasitic economy. One so powerful that it makes the end scene of Fight Club look quaint with its silly little physical demolition.
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Re:Show HN: Ranking of banks by their likelihood to collapse
by lxgr on Sunday March 19, 2023 @05:11PM
(#35223699)
Wiping all banks‘ balance sheets might not achieve the redistribution you‘re hoping for, if you think a minute about what that would actually mean (i.e. everybody loses all of their savings, and nobody has to pay back their loans).
Besides that, the status quo emerges from the set of laws and regulations applied to banks. Removing the banks and keeping everything else unchanged is the best way to get an exact copy of the bad outcomes you‘re hoping to prevent.