Re:(FinTech) Synapse has collapsed, 10M consumers, 100s of f...
by roenxi on Sunday May 26, 2024 @04:53AM
(#40480654)
> Does the existence of a seat-belt suppress the "natural heightened attention" (whatever this is) of the driver?
No. If there is a crash the driver will still be involved in the crash. Seatbelts are a risk-reduction technique, FDIC is risk transfer.
> I have no insight to the institutions I give my money to...
The good news is you're pretty normal. However the observation is you're enabling a bunch of rather untrustworthy people who don't care about your interests and it is pretty easy to imagine that story ending worse than if you were in a position where you either demanded some insight or didn't give them money.
No. If there is a crash the driver will still be involved in the crash. Seatbelts are a risk-reduction technique, FDIC is risk transfer.
> I have no insight to the institutions I give my money to...
The good news is you're pretty normal. However the observation is you're enabling a bunch of rather untrustworthy people who don't care about your interests and it is pretty easy to imagine that story ending worse than if you were in a position where you either demanded some insight or didn't give them money.