[telxosser]

It seems to me the philosophical mistake is that banking and financial system regulations came about randomly. As if these are just unintended software bugs. As if there was no reason for the regulations.

So all this complexity to get around regulations but you are going to run into the reasons this regulation came about at some scale.

[kkjjkgjjgg]

I'm not convinced the government regulations around finance are a net win. Might often just be wishful thinking by politicians, just decree things have to be in some specific way, rather than tackling the root causes for issues.