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0 pointsjopsen2y ago0 comments

These things simply don't compare.

Any such attempt smells like trolling to me.

System that are shitty by accident, do not compare to intentional evil.

0 comments

Is it by accident though? Aren't US regulators intentionally (but quietly) pressuring financial institutions to do the enforcement of policies that they know wouldn't stand up to public scrutiny?

pas2y ago

look, US politics is a shitshow, regulators are beholden to politics, lobbying is a very big influence in the US. from the crazy anti-porn, anti-abortion, anti-gay/trans, anti-welfare xenophobic fundamentalist anti-anything lobby to the anti-gun, super-duper-pro-trans, militantly-feminist, pro-eat-the-rich lobby.

and during all this banking in the US suffers from all the usual problems, it's 50+ regulatory regimes all in one, banking systems are laughably ambivalent old and legacy plus too new and full of bugs, and so on.

it's not surprising that things are not ideal. there's no need for some extreme conspiracy. big banks are user-hostile. just as the police, as healthcare, and so on.

Ridj48dhsnsh2y ago

Are things like Operation Chokepoint [1] still a conspiracy theory?

It appears to me like a sophisticated and coordinated operation, not the accidental result of bureaucracy.

[1] https://en.m.wikipedia.org/wiki/Operation_Choke_Point

1 more reply

appalp2y ago

> crazy anti-porn

Nothing crazy about that. It's very harmful to women, and doesn't do the consumers of it much good either.

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mandmandam2y ago

> System that are shitty by accident

US banks aren't shitty by accident - how could anyone say such a thing. They deleted millions of mandatory records. They manipulate markets. They fund illegal wars, and people like Epstein. They support dictators and tax dodgers. And that's all just JPM! Look at what GMS have done; look at the Panama papers, look at the 08 bailouts.

Giving banks the benefit of the doubt requires extraordinary, profound naivety.

j / k navigate · click thread line to collapse

0 comments

Ridj48dhsnsh2y ago

Is it by accident though? Aren't US regulators intentionally (but quietly) pressuring financial institutions to do the enforcement of policies that they know wouldn't stand up to public scrutiny?

pas2y ago

it's not surprising that things are not ideal. there's no need for some extreme conspiracy. big banks are user-hostile. just as the police, as healthcare, and so on.

Ridj48dhsnsh2y ago

Are things like Operation Chokepoint [1] still a conspiracy theory?

It appears to me like a sophisticated and coordinated operation, not the accidental result of bureaucracy.

[1] https://en.m.wikipedia.org/wiki/Operation_Choke_Point

1 more reply

appalp2y ago

> crazy anti-porn

Nothing crazy about that. It's very harmful to women, and doesn't do the consumers of it much good either.

1 more reply

mandmandam2y ago

> System that are shitty by accident

Giving banks the benefit of the doubt requires extraordinary, profound naivety.

j / k navigate · click thread line to collapse