Very well put by @matt_levine.
"You get what you measure, but only exactly what you measure"
https://www.bloomberg.com/view/articles/2016-09-09/wells-fargo-opened-a-couple-million-fake-accounts …pic.twitter.com/DxoSXk1og1
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White-collar crimes - now seen as a cost of doing business? Fab read. http://www.newyorker.com/magazine/2017/07/31/why-corrupt-bankers-avoid-jail/amp …pic.twitter.com/gerfGS0zLv
Reason #47483 why customers, be they retail or corporate, don't trust large financial institutions. https://www.wsj.com/articles/wells-fargo-bankers-chasing-bonuses-overcharged-hundreds-of-clients-1511830230 …pic.twitter.com/Fn4Vb1CZqp
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"To a computer programmer, the financial system still looks a lot like untested code with weak debugging that puts way too much faith in the idea that humans will behave properly." Good read. https://www.nytimes.com/2017/12/18/opinion/bitcoin-boom-technology-trust.html …pic.twitter.com/z3EdZfYOn4
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Humans are a great species. Till it comes to handling money, be it for self, or worse, for others. Also why people don't trust financial services firms -globally. https://thewire.in/208356/icici-bank-fraud-fixed-deposit-insurance-policy-rajasthan/ …pic.twitter.com/cgs36a6yUw
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