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Re:USDC's Circle Moves $8.7B to Repo Agreements to Protect R... by User23 on Thursday May 18, 2023 @09:54AM (#35987951)
Do you ever wonder why it is that politicians that are, at least nominally, ultimately responsible for signing $6.3 trillion in checks every year only manage to enrich themselves to the tune of a few dozen millions at best? The fry cook at McDonalds gets a larger share of the overall take.

I have two possible explanations. 1) Our politicians are remarkably morally virtuous, and there is virtually no graft and corruption whatsoever. 2) Our politicians are front-men for the actual powers that be and are compensated on a model similar to WWE superstars. In the latter case it's the financial interests of the PTB that will control, not those of the politicians.

Re:USDC's Circle Moves $8.7B to Repo Agreements to Protect R... by baremetal on Thursday May 18, 2023 @10:16AM (#35988255)
Thought experiment: If you were running things would you A) Put your face and name on the power structure or B) Hire goons to do that?
Re:USDC's Circle Moves $8.7B to Repo Agreements to Protect R... by JumpCrisscross on Thursday May 18, 2023 @10:29AM (#35988458)
> you were running things would you A) Put your face and name on the power structure or B) Hire goons to do that

Power withers in secret. The history of leaders who tried to do this is getting stabbed by their Janissary.