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Old people who don't watch their assets, very rich people who don't watch their assets. Maybe we should build a protection mechanism for it - maybe call it the

by tmpz22 2y ago

Old people who don't watch their assets, very rich people who don't watch their assets. Maybe we should build a protection mechanism for it - maybe call it the Consumer Finance Protection Bureau?

deleted 2y ago
[deleted]
metadat 2y ago
For reference, see: DOGE-Backed Halt at CFPB Comes Amid Musk's Plans for 'X' Digital Wallet - https://news.ycombinator.com/item?id=43003636 https://news.ycombinator.com/item?id=43003636 And The biggest microcode attack in our history is underway - https://news.ycombinator.com/item?id=43001730 https://news.ycombinator.com/item?id=43001730
wslh 2y ago
Automated protection tools could also help in monitoring hedge funds, similar to how apps like BillGuard[1] worked for personal finance. Many investors don’t actively track their holdings the way they do with credit cards. [1] https://en.wikipedia.org/wiki/BillGuard https://en.wikipedia.org/wiki/BillGuard
fallingknife 2y ago
Most investors who invest in these funds are institutions and the ones who are (extremely rich) individuals are very unlikely to not be paying attention.
JumpCrisscross 2y ago
CFPB is irrelevant for hedge fund LPs.
- yieldcrv 2y ago
  and is irrelevant in general since its just been nuked from orbit
  - missedthecue 2y ago
    Does a nuke from orbit generate more destruction than a suborbital nuke?
    - science4sail 2y ago
      Probably similar given the same yield unless the bomber has some way to utilize the kinetic energy of the orbit. The difference though is that a nuking from orbit has less chance of retaliation since the aggressor is no longer on the same planet (unless the victim has ASAT weapons).
readthenotes1 2y ago
Yes and what would be its job? Making sure that rich people have lawyers who read contracts? That would probably suffice. I don't have much sympathy for people who have enough money to use hedge funds and complain about the terms of their completely voluntary transaction.

by tmpz22 2y ago

Old people who don't watch their assets, very rich people who don't watch their assets. Maybe we should build a protection mechanism for it - maybe call it the Consumer Finance Protection Bureau?

deleted 2y ago

[deleted]

metadat 2y ago

For reference, see: DOGE-Backed Halt at CFPB Comes Amid Musk's Plans for 'X' Digital Wallet - https://news.ycombinator.com/item?id=43003636 https://news.ycombinator.com/item?id=43003636 And The biggest microcode attack in our history is underway - https://news.ycombinator.com/item?id=43001730 https://news.ycombinator.com/item?id=43001730

wslh 2y ago

Automated protection tools could also help in monitoring hedge funds, similar to how apps like BillGuard[1] worked for personal finance. Many investors don’t actively track their holdings the way they do with credit cards. [1] https://en.wikipedia.org/wiki/BillGuard https://en.wikipedia.org/wiki/BillGuard

fallingknife 2y ago

Most investors who invest in these funds are institutions and the ones who are (extremely rich) individuals are very unlikely to not be paying attention.

JumpCrisscross 2y ago

CFPB is irrelevant for hedge fund LPs.

yieldcrv 2y ago
and is irrelevant in general since its just been nuked from orbit
- missedthecue 2y ago
  Does a nuke from orbit generate more destruction than a suborbital nuke?
  - science4sail 2y ago
    Probably similar given the same yield unless the bomber has some way to utilize the kinetic energy of the orbit. The difference though is that a nuking from orbit has less chance of retaliation since the aggressor is no longer on the same planet (unless the victim has ASAT weapons).

readthenotes1 2y ago

Yes and what would be its job? Making sure that rich people have lawyers who read contracts? That would probably suffice. I don't have much sympathy for people who have enough money to use hedge funds and complain about the terms of their completely voluntary transaction.