Bitcoin Forum

Economy => Economics => Topic started by: LiteCoinGuy on November 13, 2014, 11:24:21 AM



Title: Video: The banks: how am I here again? Paul Mason on the news
Post by: LiteCoinGuy on November 13, 2014, 11:24:21 AM
The banks: how am I here again? Paul Mason on the news

https://www.youtube.com/watch?v=Wf7a53y9RRM


Title: Re: Video: The banks: how am I here again? Paul Mason on the news
Post by: DooMAD on November 14, 2014, 04:18:03 PM
It's like a bad joke that everyone's tired of hearing.  He's right to be pissed off, but waiting for the regulators to step in and do something even remotely useful is a lost cause.  No one is going to do anything within the current legislative framework to enforce the rules in any meaningful way.  If there's no deterrent and repeated fines are just seen as the cost of doing business, it will continue to worsen. Too big to fail, too big to jail.  Fraud is now a cornerstone of the economy. 

Everyone should be using this as an example when they try explaining crypto to people who haven't caught on yet.


Title: Re: Video: The banks: how am I here again? Paul Mason on the news
Post by: Lethn on November 14, 2014, 05:10:10 PM
rofl it's getting so bad now even the reporters are losing their tempers, you see it even happening with the BBC lot.