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Yeah, so as I suspected, it’s “widely understood”, which means discretionary and up to the whims of regulators in 28 different countries. But don’t worry! When
by ryanwaggoner 8y ago
Yeah, so as I suspected, it’s “widely understood”, which means discretionary and up to the whims of regulators in 28 different countries. But don’t worry! When they bankrupt you, you can just challenge in court! Of course, that’s hardly novel for any country with the rule of law, nor is it cheap or likely to succeed.
This is yet another example of: “the EU regulators are our friends! You can trust them!”
I’ll pass.
- smallnamespace 8y agoYou seem to be moving the goal posts a bit here, from 'please show any evidence of X' to 'prove X is without potential flaws'. I mean, is there any sensible way to prevent regulators from bankrupting a company without some level of discretion and case-by-case consideration? Moving everything into the legal system also has issues, as you point out.