Re:Americans see their savings vanish in Synapse fintech crisis
by gruez on Saturday November 23, 2024 @08:43AM
(#42220816)
What specific regulation would have prevented this? Or is this just a knee jerk response against "deregulation"?
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Re:Americans see their savings vanish in Synapse fintech crisis
by rvba on Monday November 25, 2024 @08:11PM
(#42241689)
One could make a regulation that account data cannot be lumped.
Re:Americans see their savings vanish in Synapse fintech crisis
by bdangubic on Monday November 25, 2024 @08:16PM
(#42241709)
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.”