Hacker News new | ask | show | jobs
by t_mann 1516 days ago
It's easier to have trust when there's less trust required, that statement should make sense without seeing it as an attack on inherent properties of a functioning society. And the reason that the financial system didn't break down entirely in 2008 is that taxpayers made the banks whole again. Nothing has changed fundamentally about the way banking works since, they've just added some regulations that reduce the extent of the same activities that led to the crisis.