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Selective enforcement of broad regulations like this is one of the hallmarks of a corrupt regime. The great thing about everybody being guilty is that they can
by throwawaylinux 4y ago
Selective enforcement of broad regulations like this is one of the hallmarks of a corrupt regime.
The great thing about everybody being guilty is that they can use nudges and winks to force people to toe the line about anything at all, far in excess of the power and authority granted to them by laws on paper. Get uppity and they'll send some goons around to smash up the place.
This not a case of the hapless simpletons in government having a good heart and the right intentions, and yet again bungling the legislation spectacularly, and now they're dutifully serving the people by doing their gosh darndest to keep the financial system from collapsing due to their prior incompetence. These laws and regulations are constructed and implemented by and for the ruling class, for the purpose of increasing their wealth and power.
- csomar 4y agoThey are being used left and right. Want to penalize a European bank? Pull some some fine in the $x00 millions out of thin air. The way the laws are structured, it's almost guaranteed that they broke some law somehow. Don't like this dude/girl? Ban them from banking for no reason because your ToS allows you to and make it hell for them to recover their money. Someone did it not too far ago in Canada.