Oddbean new post about login | logout TD Bank's plea is an interesting read for anyone who believes that justice has been served in the US banking industry. If its “historic fine” tells us anything, it's that that crime pays when you're a banker. Full story: https://www.therage.co/untitled-2/
this is the icing on the cake. as much as I try to transact in BTC only, i still need a fiat bank to pay my mortgage and keep some amount to pay bills there. I am done with this shitty bank and their fees and their theivery. As soon as i finish my last ordeal with them im switching to an online only bank like Tangerine.
Use of money should not be criminalised. Theft, murder and kidnapping are already crimes. You do not need to make the use of the money from crimes illegal. The use of money can form evidence in a criminal prosecution, but the making the use of money alone criminal is a short cut to conviction, which places such a burden on the financial system as a whole, that is simply not worth it. https://www.tandfonline.com/doi/full/10.1080/25741292.2020.1725366#d1e146