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by somsak2 1194 days ago
> it is hard to knowing that they chose to keep their funds in an bank that was actively lobbying to weaken risk regulations

what an insane standard. as a customer of any company I'm now supposed to investigate their lobbying activity? what else do I need to do due diligence on?

2 comments

If you loan someone millions of dollars, yes you should probably do some diligence on them.

(The limitless extrapolation of HN never ceases to amaze)

Agreed. They put their money in a regulated bank that's an FDIC member. Banks are a bit like the US airline in that they're heavily regulated, how they treat you and the fees the charge are all over the place, but they're all safe.