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Too bad they didn't question the big banks as assiduously 10-12 years ago.
by hapnin 8y ago
Too bad they didn't question the big banks as assiduously 10-12 years ago.
- jMyles 8y agoOr now. Do we really think that HSBC-scale drug war corruption is not still happening?
- hapnin 8y agoSince no players of note went to jail in the Bailout 10 years ago, we can be reasonably sure the corruption is still entrenched. AGs know what side of their bread is buttered.
- cycrutchfield 8y agoThat’s nice. But what does that have to do with investigating cryptocurrency fraud?
- hapnin 8y agoBecause AGs are rather selective in who they'll prosecute for fraud.
- cycrutchfield 8y agoAnd that is an entirely separate issue that has nothing to do with the fraud ongoing in cryptocurrencies.
- snissn 8y agoClearly the AG of NY has motivations and interest to protect fiat / legacy banking systems, let's not pretend otherwise.
- cycrutchfield 8y ago> Clearly The burden of proof is on you to demonstrate that Schneiderman is acting here to protect the banking system and not acting to protect his constituents from being defrauded.
- Sangermaine 8y agoProof is obviously just another trick by the statist stooges conspiring to hold back cryptocurrencies.
- tedunangst 8y agoDon't need proof if you've got proof of work...
- snissn 8y agoHe has motivation to protect the legacy banking system and all unenumerated motivations as well.
- cycrutchfield 8y agoWhat part of "burden of proof" do you not understand?
- snissn 8y agoBelieve whatever you want
- s73v3r_ 8y agoThen it should be trivial for you to provide proof of this accusation.
- JumpCrisscross 8y ago> Clearly the AG of NY has motivations and interest to protect fiat / legacy banking systems Attorney General Schneiderman fined Goldman Sachs and other banks over $5 billion [1]. "Clearly" indeed... [1] https://ag.ny.gov/press-release/ag-schneiderman-led-state-federal-working-group-announces-5-billion-settlement-goldman https://ag.ny.gov/press-release/ag-schneiderman-led-state-fe...
- hapnin 8y agoJP Morgan was recently sued for defrauding cryptocurrency buyers. We can be assured the corruption is intertwined.
- jMyles 8y agoNo it's not. I think you are perhaps intentionally being a bit obtuse to make a point, but you are better off just coming out and stating your beliefs. In this case: major finance players are top dogs in Albany politics (along with other FIRE economy and pharma). Their input most certainly has influenced and is influencing both investigations (or lack thereof) into criminal activity in big banks and other financial institutions, as well as into crypto-blockchain tech. Some big players probably want more robust assurance that their crypto assets are protected. Others probably want to create pain in the space either because they hold a short position or because they have fear of losing their regulatory capture. But acting like there is no relationship between the (absence of meaningful) investigations into NY finance and this news is unhelpful.
- Sangermaine 8y agoWhat's unhelpful is baseless speculation about conspiracies and corruption. You're the one making the accusations, you don't get to criticize others asking about them.
- aje403 8y agoWere you Don Quixote in another life? It's almost like the banks don't have thousands of different products and services ran by hundreds of thousands of people all working on different things. "Let's investigate the banks and see what comes up!" Good luck with that...
- hapnin 8y agoPlease leave the personal comments out. Thanks.
- JumpCrisscross 8y ago> Too bad they didn't question the big banks as assiduously 10-12 years ago Is it really easier for you to spin this into a conspiracy theory than consider the facts on the ground?
- Sangermaine 8y agoWho is they? The current AG wasn't in office then. And the fact that some entities weren't investigated does not excuse the actions of other, unrelated entities.