The US Federal Reserve's top regulator, Randal Quarles, has warned of a potential crisis if final bank guardrails are removed. Quarles emphasized the importance of maintaining safeguards to prevent reckless banking practices. This move comes as regulators consider easing restrictions on banks' risk-taking activities.
Source: https://www.ft.com/content/44faef73-4736-4bd0-9a15-388f81be12e0
There are no safeguards if anyone is paying attention. Banks commit crimes. They pay a fine relatively small fine in comparison totherir networth. Then the process repeats itself. Everything illegal continues business as usual.
Fuck banks. I'll take self custody bitcoin and precious metals instead. At least I won't be a willing accomplice to their crimes anymore.
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