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by muhneesh 2738 days ago
This is a ridiculous strawman as it relies on an equation of social and economic systems before the 1930s to today, but despite that, it's a bad strawman given that the FDIC was created in direct response to restore faith in American banks after the Great Depression.

I'm all for fintech, but I'm not for blind trust in startups looking for hypergrowth as it relates to consumer protections.