Massive frauds are predictable when it becomes profitable to participate. For example, right now in the UK, the government is guaranteeing certain loans throug

Massive frauds are predictable when it becomes profitable to participate. For example, right now in the UK, the government is guaranteeing certain loans through a Covid relief program. Predictably, banks are letting a high number of fraudulent loan applications through. The banks are participating in the fraud as victims, willing victims who expect to make a profit from it. It seems like the government is going to raise its eyebrows and "tut-tut" a little bit but basically let them get away with it. https://www.ft.com/content/bbe858d9-8678-4d1a-84c1-a62ac426a351 https://www.ft.com/content/bbe858d9-8678-4d1a-84c1-a62ac426a...