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3 yr. ago

  • EU resurrects banking practice that caused the 2008 financial crisis

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  • Thanks for rephrasing. The thing is with regulation when there's a caveat/condition it's forbidden not just a correctness check. I think the underlying sentiment is correct, a blanket ban on something is surely easier to enforce than a nuanced approach.

    But that's my whole point since the first post. A blanket ban on securitization just locks away the whole tool when really we should just work to implement effective regulation.

    The real problem is that law and subsequent regulation lags behind innovation. Like AI or crypto would be an example. So back in 2008 there was a lot of lag on securitization as an innovation. Subsequent to the crisis, in 2025 market reg is well established on securitization products and derivatives.

  • EU resurrects banking practice that caused the 2008 financial crisis

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  • It's not semantics when what you're saying doesn't make sense and is contradictory to reality.

    Actually, I am not sure what issue you're even raising because of how poorly you communicated.

    I thought about not responding at all, tbh, but then thought that it's clear you think there is a some sort of material difference between regulation and law.

    Checking if the illegal thing has been done is often easier than checking if the regulated thing has been done correctly,

    pointedly incorrect. and thats my point that checking the illegal thing is the same thing as checking the regulated thing. but you assert there is some difference.

  • EU resurrects banking practice that caused the 2008 financial crisis

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  • Financial regulations are written in law, and thus illegal to violate.

  • EU resurrects banking practice that caused the 2008 financial crisis

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  • No that's a bad analogy because no one is arguing the water should be taken away because of a misguided understanding that it's inherently dangerous.

    The actual analogy is "People have died in water, so no one should swim anymore"

    But that's obviously absurd. You hire life guards, teach people to swim, get a life vest, life savers, etc

  • EU resurrects banking practice that caused the 2008 financial crisis

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  • It's the opposite. Regulation assumes business will do anything they think they can get away with if it will make a buck. A lack of regulation assumes companies won't do those things.

    People think "regulators" allowed this to happen, but actually as "regulators" are agencies established by the government that act upon law. At the time of the 2008 financial crash there were limited or few laws (i.e. regulations) on derivatives. It's law makers that refused to act.

    It seems people are largely unaware of the myriad of regulatory changes that came after 2008 and bernie that applied to derivatives and customer/investor protection in general.

    The same set of factors that created 2008 is no longer applicable as the environment has changed. There will surely be new regulatory weaknesses that need to be addressed

  • EU resurrects banking practice that caused the 2008 financial crisis

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  • Didn't read like that to me initially but if that's what you meant by it then my bad.

  • EU resurrects banking practice that caused the 2008 financial crisis

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  • Makes more sense to control the factors that play into the investment risk through regulation instead of shutting down a useful tool for investors.

    Or you can just say edgy bullshit.

  • Two Factor Insecurity: How Google, Amazon, Meta and thousands of other companies leave customers vulnerable over one-time codes to save time and money

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  • It's as simple as not getting OTPs via SMS or email.

    Use a 2fa app where you manage the pre shared key and provide it once and then there's is no transmission of keys from the provider. A hard key is effectively the same.

  • EU resurrects banking practice that caused the 2008 financial crisis

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  • Securitization is a tool and only part of why the markets collapsed. The reduction of the problem to securitization fails to recognize the bad loans and ineffective ratings given to collateralized securities, and the hidden tranches not disclosed to investors.

    If your mortgage/loan market isn't fraudulent then you don't have underlying assets with impossibly high risk. If the ratings agencies properly rate securities then investors know what the risk is. And if the government regulates the issuance of these securities through prospectuses (which they do now) then investors will know what's in them.

  • MAGA Madman Also Shot Slain Democrat’s Rescue Dog

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  • So it's fucked up.

    Ok and? It's clear you don't even know what your own point is. That's why you get down voted.

    That bothers me almost as much as the lack of respect for human life.

    Sounds like work for your therapist.

  • MAGA Madman Also Shot Slain Democrat’s Rescue Dog

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  • Personally, I'm not sure what the point of this statement is. It's not about whether or not it's right or wrong. Let's just for the sake of argument, assume that it's objectively correct. So what? How is saying this, or identifying generically that some people inevitably have their priorities mixed up, a meaningful contribution to the topic?

    At best it comes across as cynical. And then you're thinking "it's not cynical if it's true"... But we're all thinking that it's cynical because it lacks pointed meaning.

    It's like a teenager got on the Internet, read something, missed the point entirely and instead says "but what about this indirect incorrectness thing that is otherwise unrelated" for no reason other than to be edgy or sound smart.

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  • Ipv6 catching strays

  • Zen state achieved

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  • I get this every week on a SharePoint connection. Just powerbi things.

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  • Seems like teenage edgelords refusing to wear deodorant to save the environment.

    First time on the Internet?

  • Explain to me like I am a literal 5 year old. What is the hate towards Trans people? Is it just because they a different? Did they do something to garner the hate? I was raised different and change...

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  • Look at Umberto Eco's properties of fascism.

    https://en.m.wikipedia.org/wiki/Ur-Fascism

    There's 14 properties. The fight against trans people falls into 8-10 different properties.

    Trans people are a strawman for modern fascism. Just like immigrants.

  • Removed

    What the actual hell, Microsoft?

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  • Web browsers for password management is a mistake. You cannot change my mind. It's one thing to say better then nothing and offer the option, it's another to say this is the only way.

  • What shitty stuff did you discovered when you became adult?

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  • As a young adult I found out adults have no idea, as an older adult I found out it's not about knowing what to do in advance but being able to figure it out.

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  • do you get HP for that

  • CrowdStrike Announces Layoffs Affecting 500 Employees

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  • It's relevant in that it's entirely misleading. If profits are low they aren't actually able to just "coast along" making less revenue.

    Crowdstrike posted a GAAP Net Loss of 20 million for 2025. So a 30-50M cost savings is the difference in continuing on at all or not. There's more to it than that, obviously.

    Your point is (probably) valid once you fix your words which is what I assume you mean by saying it's not relevant. But, instead of telling people their rebuttal is irrelevant you should try to adjust your own words to convey your message more accurately.

    The quarterly profit motive where CEOs are incentivized through bonus structures to focus on short term profit goals leads to situations where the companies product or service is substandard and they make bad long term decisions that affect the lives of many including their own employees when they over hire and then can no longer afford to pay them.