4 ms·
> So now there's a business where the only way to make money is to break the regulations that exist to stop banks from doing exactly what they're doing so it w
by chii 4y ago
> So now there's a business where the only way to make money is to break the regulations that exist to stop banks from doing exactly what they're doing
so it worked for uber & AirBNB, i'm sure these companies doing this are asking why not for them?
- ravel-bar-foo 4y agoHotels are locally regulated, with side effects for maybe one town if a few go backrupt. This gives nationwide startups leeway to out-innovate regulators. Banks can have a much larger reach if they fail, and so are federally regulated. This prevents the same from happening. There are no startups seeking to out-innovate the FAA, for example.