2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC123: The Legacy Banking System in Shambles w/ Alf Peccatiello (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Mistakes of the US Regulators

The regulators have in the US made one big mistake, which is under regulate small banks. The moral hazard at the SDB case was also very high because these guys didn't hedge their interest rate risk properly. So they basically used the loophole that was in regulation to take an extremely large amount of risk. But Europe on the other hand, to answer your question, I mean in Europe we do a lot of things suboptimally. Let's say when it comes to finance or banking, but regulation is much, much tighter.

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