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Matt Levine's comment always stick in my head: 'I say sometimes that the tech industry is about moving fast and breaking things, while "finance is an industry o
by kokey 10y ago
Matt Levine's comment always stick in my head: 'I say sometimes that the tech industry is about moving fast and breaking things, while "finance is an industry of moving fast, breaking things, being mired in years of litigation, paying 10-digit fines, and ruefully promising to move slower and break fewer things in the future."'
- nickpsecurity 10y agoThat's a good comment. Applies to most banks. Then there's Goldman Sachs. ;)
- kchoudhu 10y agoOh, what I said was coloured explicitly by my experiences working on regulatory development at Goldman. Everything was filtered through the lens of "What would the regulators say? And how do we tell the regulators what we're doing?"