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The point of the CYA clause isn’t to prevent illegal activity or make the bank more aware of what customers are doing. The point is that when Bank 1 is defendin
by anamexis 7mo ago
The point of the CYA clause isn’t to prevent illegal activity or make the bank more aware of what customers are doing. The point is that when Bank 1 is defending itself in court, it has one additional thing they can point at when arguing that it should not be liable for the illegal activities.
- janalsncm 7mo agoOk, fair enough. I just don’t think that is convincing evidence, personally. But there would be 11 other people on the jury.
- watwut 7mo agoThe bank that actually welcome the AlCapone will be first to have that form. If the court can be affected by something like that, it says something really bad about the legal system.
- lxgr 7mo agoIf this actually works in court, the corresponding legal system has completely lost the plot, in my view.