Hacker News new | ask | show | jobs
by ymolodtsov 6 days ago
I think you tried to narrow down my general statement. What I'm saying is: not all countries and their regulatory bodies are equal. India is a pretty top-down country with quite a protectionist policy.
1 comments

And I'm saying wallstreet has a reputation of breaking the rules. Like a lot. Are you suggesting regulatory bodies in the US are somehow better? The whitehouse literally has a shitcoin.
> And I'm saying wallstreet has a reputation of breaking the rules.

Among whom does wall street hold this reputation? Breaking which rules? How can that be, in an incredibly regulated industry where the government will try to put you in prison for just breathing? As they're doing to Andrew Left right now.

As far as I can tell, this is only a commonly held opinion among people whose primary source of knowledge on wall street is a DiCaprio movie. Rules are broken everywhere in the world, but nowhere do you have as many controls to prevent that as on wall street.

There's a reason why just about everyone with significant amounts of money trusts US financial infrastructure, fraud and rulebreaking is uncommon.