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by blah32497 4551 days ago
Does anyone else think it's kinda crazy that banks are required by law to act like policemen? Seems like that's the government's job.
2 comments

Everyone is required to act like police to some extent. If someone comes into your sporting goods store looking to buy a baseball bat to attack his neighbor, you're required not to sell it to him (and in some jurisdictions, you're required to call the police).
Whatever, but that's not what the current legislation says.

Which JPM agreed to be in compliance with in order to be granted a license to go out and do this "banking" thing.