Re:(FinTech) Synapse has collapsed, 10M consumers, 100s of f...
by Terr_ on Sunday May 26, 2024 @04:11AM
(#40480461)
> This is exactly why banking regulations (e.g., FDIC) were invented.
When it comes to this kind of stuff, there's a large and sometimes-glossed-over difference between: "These laws/regulations are bad" versus "there's no real reason for these laws/regulations to exist."
The latter is frustrating to hear, since it is less a philosophical disagreement and more of a "those who do not know history are doomed to repeat it" problem.
When it comes to this kind of stuff, there's a large and sometimes-glossed-over difference between: "These laws/regulations are bad" versus "there's no real reason for these laws/regulations to exist."
The latter is frustrating to hear, since it is less a philosophical disagreement and more of a "those who do not know history are doomed to repeat it" problem.