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Are banks not fairly commodified too? Did you move to a new bank after yours had a security breach? There are so many breaches these days, companies don’t eve
by BobbyTables2 2y ago
Are banks not fairly commodified too?
Did you move to a new bank after yours had a security breach?
There are so many breaches these days, companies don’t even have liability — any damages can be blamed on another breach.
- roenxi 2y agoNot commodified as much as regulated. The personal data that banks collect is probably mandated by the government, so switching banks doesn't really change the risk someone faces. And probably a bunch of other things that would otherwise be competitive advantages for customers too. The lack of full reserve banks (or close enough too) despite what would be a reasonable level of customer demand, for example.