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I work in the financial sector and would never consider I needed to disclose that on HN when discussing something in banking. Also, I work in the technology se
by dmurray 4y ago
I work in the financial sector and would never consider I needed to disclose that on HN when discussing something in banking.
Also, I work in the technology sector and would never consider I needed to disclose that on HN when discussing, say, Google.
Either is just far too big a field to expect that a conflict of interest is inevitable.
- yieldcrv 4y agoThis is useful to me because it gives more insight. So, I think your conclusions are wrong as the FDIC was brokering the sells of failing banks for a long time, otherwise people would have actually lost their money above the insurance limit or would have had to wait an unknown amount of time for the insurance reimbursement, and the same result would have occurred with the bigger more capitalized bank getting those customers and consolidating banking anyway. The fire sales are better, but this is just them having the data and getting on the phone to make it happen, Congress never asked them to do that but its a better outcome. I also think the FDIC does too much outside of its congressional mandate, so I can see how it is annoying to deal with as an institution.