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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"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
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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Big banks are saying we should be worried about big tech. ¯\_(ツ)_/¯ https://www.ft.com/content/d9b3d79e-0995-11e8-8eb7-42f857ea9f09 …pic.twitter.com/xMNoYVuEGT
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Why people don't trust financial services firms. Globally. Exhibit #233648 https://www.cbsnews.com/news/wells-fargo-ceo-tim-sloan-gets-4-6m-raise-despite-scandals/ …pic.twitter.com/xne4gA52Tn
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Why people don't trust financial services firms, example # 2749274. "Citigroup Fined for Telling Clients to Buy When It Meant Sell" https://www.bloomberg.com/news/articles/2017-12-28/citigroup-fined-for-telling-clients-to-buy-when-it-meant-sell …
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