Hacker News new | ask | show | jobs
by fbdab103 1198 days ago
The comparison would be FTX where they handed the auditor a pile of Excel spreadsheets and some vague, "I thought they were in last week's email" kind of accounting.

Real banks have real controls and want to know where every fractional cent (blast, my Superman 3 scheme is foiled in the crib) is at any moment.

Edit: minor English goof

1 comments

Upvote for Superman 3 reference. For those who don’t get it:

https://youtu.be/N7JBXGkBoFc