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Why should we let obviously captured regulators attempt to wrangle the only thing that even remotely looks like competition to their captors’ core business mode
by AcerbicZero 5y ago
Why should we let obviously captured regulators attempt to wrangle the only thing that even remotely looks like competition to their captors’ core business models?
- wins32767 5y agoBecause despite being captured, those regulators make sure the system works much better than it did 100 years ago when there were regular, crippling depressions and people lost their life savings when banks failed. The financial system undergirds the rest of the economy and some stability and caution is warranted when messing with a core part of the architecture of modern society.
- user-the-name 5y agoYou would rather have a handful of ex-criminals run a supposed $60 billion "currency"? How is any of that better?