Decades of deregulation. More to come.

What specific regulation would have prevented this? Or is this just a knee jerk response against "deregulation"?

One could make a regulation that account data cannot be lumped.

the one simple one I can think of would be to specifically make depositor acknowledge “hey this is not FDIC ensured, do you want to proceed?”

probably still some percentage of people would fall for it and continue with the creation of an account but at least then this discussion here would be “stupid is as stupid does.”

Sounding edgy doesn't really mask the fact you have no idea what you're talking about. See https://en.wikipedia.org/wiki/Dodd%E2%80%93Frank_Wall_Street... for example

Read "A decade of armageddon" or some other good books on how the US markets and banks actually work..

TLDR: financial crime pays in the US.

You clearly do not know a single real thing about America. America itself is a con job from to back, to to bottom, left to right. Between the reserve currency global fraud, the inflation money printing, the scam startups, the deficit spending and national debt fraud, the various banking and financial frauds, even our children are raised with fraudulent schemes with things like the “fundraising” through selling Girl Scout cookies and circulate bars. All the scamming online, in our professional lives, personal lives, or fake religious groups and political entities, is all just snake oil heritage and the rich plundering the country through a fraud based economy.

It’s something that most Europeans that come to America either are shocked by or fall prey to, because not only are laws tighter in Europe regarding fraudulent activities, but in many places of Western Europe, society is still relatively high trust and of good morals and ethics with little of the overt and blatant open scamming and lies you see in America on a daily basis to such a degree that most Americans cannot even see it.

A more apparent example of that is our stores in America that are always having a BIG BIG SALE of up to 80% OFF. When it’s just the same market prices claiming to be 80% discounted from some made up price.

And to add to this, I think it was JC Penny that called this "80% OFF" sale out and stopped doing that. The result, they came very close to Chapter 11. They ended up reversing that policy just to stay in business.

This is just one example of how really stupid the Average American is. The past election also just proved how dumb the average person is in the US.

JC Penney's problems went considerably further than whether they did or did not run an "80% OFF" sale.

True, but the ending of "80% off" style sales was a very visible problem for them.

You mean how could someone possibly send their life savings into some bullshit lotto-ticket-account app?

I don't think it's any different from people learning life lessons from all the crypto 10% weekly return schemes.