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The finance sector has lots of constraints other industries don’t - and shouldn’t. I feel it’s inappropriate to use the already really strict requirements bank
by pyuser583 3y ago
The finance sector has lots of constraints other industries don’t - and shouldn’t.
I feel it’s inappropriate to use the already really strict requirements bankers face as a justification to expand government control to other industries.
I’m not talking about common sense rules like liquidity requirements. I mean things like extremely invasive “know your customer rules” and holding compliance officers personally liable.
- ethbr0 3y agoI don't think parent was suggesting to expand it to other industries -- they specifically meant banking CEOs. Which mirrors what Buffett was suggesting.