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> But wouldn’t a sudden order-of-magnitude increase in assets or loans made (or whatever) set off a ton of red flags at the SEC, FDIC, and various other federal
by chiefalchemist 4y ago
> But wouldn’t a sudden order-of-magnitude increase in assets or loans made (or whatever) set off a ton of red flags at the SEC, FDIC, and various other federal and state agencies?
Apparently, not. So then we should be asking, why not? Why did the SEC, FDIC, etc. look the other way?
- belltaco 4y agohttps://prospect.org/power/congressmembers-tried-to-stop-secs-inquiry-into-ftx/ https://prospect.org/power/congressmembers-tried-to-stop-sec...
- cratermoon 4y ago> Why did the SEC, FDIC, etc. look the other way? I dunno, maybe we could ask the victims of the 80s/80s Savings & Loan collapse and the 2008 financial crisis? Same song, 3rd verse.