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Every bank exec is a fat cat to some extent. People and businesses need banks no matter what, and they shouldn't be required to do exhaustive due diligence on e
by nerdponx 4y ago
Every bank exec is a fat cat to some extent. People and businesses need banks no matter what, and they shouldn't be required to do exhaustive due diligence on every bank. This is the whole purpose of regulation; everyone benefits from oversight.
- matheusmoreira 4y ago> People and businesses need banks no matter what, and they shouldn't be required to do exhaustive due diligence on every bank. They're already required to do KYC/AML due dilligence on normal human beings. Why shouldn't they be required to do the same for the banks they trust their fortunes with?
- nerdponx 4y agoWho is? Random SaaS and biotech startups?
- matheusmoreira 4y agoPretty much every US business is.