Horat1us_UA t1_jea2tjs wrote on March 30, 2023 at 2:50 PM

I wonder if the billions regularly needed by classic banks to solve their own problems is not a fraud problem.

Miserable_Unusual_98 t1_jeab51s wrote on March 30, 2023 at 3:48 PM

Losing customer's money is not a problem when the state replenishes using tax payer money

happyscrappy t1_jedmvom wrote on March 31, 2023 at 6:48 AM

The banks didn't commit any fraud (generally). They just were idiots with their money. So we could have more regulation to prevent this.

I'm all for it. Put Glass-Steagall back for starters. And we'll build from there.

Make commercial banking boring again.

Horat1us_UA t1_jeevpwy wrote on March 31, 2023 at 2:42 PM

They “didn’t commit fraud” just because government do not consider their fraud as fraud. Look on Iceland

red286 t1_jebrkm7 wrote on March 30, 2023 at 9:22 PM

Most banks that get bailed out didn't break any laws. The problem isn't the banks, the problem is the lack of laws stopping banks from gambling with their clients' money. So long as it's not illegal, banks are going to keep doing it, and every time they do, the government in power makes it illegal to do it again, and then the government that follows undoes those regulations, meaning that every ~10 years there's a financial crisis that could have been averted if the regulations that had been put in place last time hadn't been repealed.