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If Zuckerberg has any game at all, he will welcome this investigation, 'educate' the regulators, and then build a regulatory moat around Facebook that no one ca

If Zuckerberg has any game at all, he will welcome this investigation, 'educate' the regulators, and then build a regulatory moat around Facebook that no one can breach. The big four banks did this after 2009, and they are even more entrenched and systematically important than they were before. Expect Facebook to borrow liberally from their playbook.

bogomipz 9y ago
Can you elaborate on exactly how "big four banks" built a regulatory moat that no one can breach?
- habosa 9y ago
  The regulatory costs of running a bank are much higher now than before the financial crisis. This means that the chance of an upstart challenging the big players has actually gone down, even though some of the regulation was meant to address concerns of "too big to fail".
  - vuln 9y ago
    Which is the Trump administration is trying to change that to give smaller regional banks a fighting chance. It's weird tat people are against this.
    - wmeredith 9y ago
      I agree. The tribalism in the current political climate of the US is really damaging on all sides. Trump has done more than a handful of good things and a lot of my friends/family don't want to hear it. Just like my Dad (Fox News watcher, Limbaugh fan, etc...) almost foams at the mouth when you mention Obama/Clinton; it's crazy. He's been conditioned. It reminds of the effects of the two minutes hate from 1984[0]. Too many citizens are completely disengaged from the political process and too many of those that are have bought into these cults of personality. [0]https://en.wikipedia.org/wiki/Two_Minutes_Hate https://en.wikipedia.org/wiki/Two_Minutes_Hate
  - bogomipz 9y ago
    Oh but that regulation is on the chopping block right now: https://www.washingtonpost.com/business/economy/10-years-after-financial-crisis-senate-prepares-to-roll-back-banking-rules/2018/03/04/e6115438-1e37-11e8-9de1-147dd2df3829_story.html https://www.washingtonpost.com/business/economy/10-years-aft...
Mahn 9y ago
Zuckerberg did an interview on CNN last week and basically alluded to what you are saying: http://money.cnn.com/2018/03/22/technology/regulation-political-ads-facebook-zuckerberg/index.html http://money.cnn.com/2018/03/22/technology/regulation-politi...
dfee 9y ago
This is called regulatory capture if anyone wants to read up more on it: https://en.m.wikipedia.org/wiki/Regulatory_capture https://en.m.wikipedia.org/wiki/Regulatory_capture

bogomipz 9y ago

Can you elaborate on exactly how "big four banks" built a regulatory moat that no one can breach?

habosa 9y ago
The regulatory costs of running a bank are much higher now than before the financial crisis. This means that the chance of an upstart challenging the big players has actually gone down, even though some of the regulation was meant to address concerns of "too big to fail".
- vuln 9y ago
  Which is the Trump administration is trying to change that to give smaller regional banks a fighting chance. It's weird tat people are against this.
  - wmeredith 9y ago
    I agree. The tribalism in the current political climate of the US is really damaging on all sides. Trump has done more than a handful of good things and a lot of my friends/family don't want to hear it. Just like my Dad (Fox News watcher, Limbaugh fan, etc...) almost foams at the mouth when you mention Obama/Clinton; it's crazy. He's been conditioned. It reminds of the effects of the two minutes hate from 1984[0]. Too many citizens are completely disengaged from the political process and too many of those that are have bought into these cults of personality. [0]https://en.wikipedia.org/wiki/Two_Minutes_Hate https://en.wikipedia.org/wiki/Two_Minutes_Hate
- bogomipz 9y ago
  Oh but that regulation is on the chopping block right now: https://www.washingtonpost.com/business/economy/10-years-after-financial-crisis-senate-prepares-to-roll-back-banking-rules/2018/03/04/e6115438-1e37-11e8-9de1-147dd2df3829_story.html https://www.washingtonpost.com/business/economy/10-years-aft...

Mahn 9y ago

Zuckerberg did an interview on CNN last week and basically alluded to what you are saying: http://money.cnn.com/2018/03/22/technology/regulation-political-ads-facebook-zuckerberg/index.html http://money.cnn.com/2018/03/22/technology/regulation-politi...

dfee 9y ago

This is called regulatory capture if anyone wants to read up more on it: https://en.m.wikipedia.org/wiki/Regulatory_capture https://en.m.wikipedia.org/wiki/Regulatory_capture