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by rgbrenner 2602 days ago
Corporations use a lot of banking services and they're victims who could be helped by this rule too, just like consumers.

They may have bigger pockets, but when Goldman steals millions from some company by violating their fiduciary duty... that company suffers. That's money they could use to lower prices, hire more people, etc. It makes it harder for them to compete.

So let's not overstate it. It's the financial industry that benefits from removing it. I doubt non-financial companies are in favor of letting banks take advantage of them.

1 comments

I wonder if there was a recent case where companies lost a significant amount of savings or liquidity due to some banking closing down or something similar beyond the limits of FDIC