The Simple Solution To Financial Fraud... But...

[@HowMoneyWorks]

Upgrade the way you learn with Brilliant! To get started for FREE go to www.brilliant.org/howmoneyworks

[@he8535]

Lesson: bad behavior is contagious

[@TheGahta]

Bodycams for bankers 😂

[@leclark5067]

Ooooh Do one about banks vs credit unions. We've done a few of the solutions at the CU I work at

[@mariokarter13]

First Rule of Fraud: Always in cash, never in writing. And banks have plenty of cash.

[@kellychuang8373]

You're right on that.

[@Unprotected1232]

Well actually the deposit liabilities of the issuing bank are far greater than the cash and reserves(deposit at the central bank) of said bank. As such the notion that banks have plenty of cash on hand is quite the misnomer. 🤓

[@stevechance150]

Yep, while working in the office, I could walk over to someone's cubicle and ask them something that I would never put in an email or a MS Teams chat. Bumping into someone in the hallway was even better.

[@benjaminmeusburger4254]

or you simply call them with MS teams (?) and only a call is logged but not the content

[@red_light_3937]

A few companies are doing auto captions always enabled because there’s extensions in zoom, (maybe Webex as well, have no idea about MS Teams), that log the auto caption transcript & the call. But minus that in person in the hallway out of security camera sight lines when your manager is already busy in a meeting is still better than cyber security team being able to pull up a log of every single call you have & some compliance officer scrutinizing why you made every call.

[@gangsta8929]

I know it’s not the spotlight of the video, but I’m really surprised to learn that suspending offending police officers lowers police misconduct. That’s such a counterintuitive result. I think we should watch it for another 150 years before we change anything, just to be safe

[@konokiomomuro7632]

It doesn't work for my country because these people go back to their original or similar position after the news stop reporting about them. Very frustrating.

[@RevPerdueJosh]

Hmmm. PTSD is a very nuanced thing. If they can quell a behavior that’s bad, I’m not sure if they are targeting the PTSD aspect with this behavior focus.

[@Croz89]

I can see why police forces don't want to do it, it's expensive even if they are fired in the end, they lose manpower and in some places officers are hard to replace.

[@Rock_Appreciator]

I see the argument from both sides, but there definitely needs to be more of a national standard and system for them. It's rough because good officers in many locations have a hard time staying for a variety of reasons, quotas, standard practices, etc... I've had 2 relatives quit because they disagreed with the practices and management. The system they are tied too is broken and incorrect, so "cracking down" would probably end up hurting things. Just needs to be a big reform in standards, change the job logistics and requirements, go thru and actually fire the bad ones is also important. I think starting elsewhere is more important than cracking down now, but that's just me. . It definitely needs some work in some way or another ,I think most of us agree.

[@Croz89]

​@@Rock_Appreciator I think part of the problem is that reform might mean spending more money on police forces, not less. If you want to attract better officers with more training and replace "bad apples" quickly, you might need to pay higher salaries. Which is going to piss off the "defund the police" people.

[@FullLengthInterstates]

Paper trails and transparency are an awesome force for justice.

[@robertbeisert3315]

I have always said that the one application for the blockchain that really makes sense is in creating transparent, easily-audited bank records. So, naturally, that's not on the plan.

[@ShorlanTanzo]

@@robertbeisert3315 Considering that fraud and theft occurs openly even on the open blockchain just shows that bad actors will commit crimes even in the daylight... The government can track down and get some of them, but never all of them, and never fast enough to get victims their money back before its spent/sent..

[@ArawnOfAnnwn]

@@robertbeisert3315 You don't need a blockchain to do that. And in some ways blockchains are actually less transparent, as while the chain is public, its users are not. We've already had several infamous blockchain scandals where the stolen money is even known where it is, but without a major fork it can't be returned nor does anyone know who's controlling it. There's a reason why crypto is such a popular payment choice for criminals and extortionists - you can't trace it to them.

[@piotrd.4850]

@@robertbeisert3315 Blockchain won't alert to something that was never entered on record :D

[@ivoryas1696]

​@@robertbeisert3315 Honestly, crypto just seems to have *_plenty_* of potential for a proper system, like the "free market"... But for _similar_ reason, it has great propensity for scams as well...

[@brendanwiley253]

That part about cops spreading bad behavior reminds me of the study Jordan Peterson brings up often where a long time ago they did a whole bunch of things to help kids at risk of growing up into delinquents, one of which was taking the kids to a summer camp together. And they found that that one week of being together with other bad kids had a stronger negative effect stronger than the positive effect of every other activity combined.

[@grahamturner2640]

What’s the name of the study?

[@Laotzu.Goldbug]

I think this is merely another variation of the pretty well known effect that when you send criminals to prison for any significant sentence they usually Come Away with higher levels of criminal activity, not lower levels.

[@joepiekl]

​@@Laotzu.Goldbug To be fair, a lot of that is to do with the fact that the US has no interest in rehabilitating offenders. When you come out of prison, chances are you're going to end up back in the same situation that led you to committing crime in the first place, except now you've got a criminal record, which employers can legally use to screen candidates. In a lot of countries, employers can only legally ask about unspent convictions (with the exception of a few high risk areas of work), which means you've got a far better chance of rebuilding your life.

[@baijhmael]

@brendanwiley253 Do you have a link to the study?

[@luismiguel69able]

ha yeah great point. I had a college buddy who had to spend a night in jail for being a reckless drunk teenager on a sport bike - lol he made fruitful gang connections in that jail cell with ppl he would have never had a chance to meet otherwise 😂😂

[@mytralala6474]

Why fix something that is immensely profitable? For multi-billion dollar frauds, banks pay multi-million dollar fines. The rest they can keep. 😊

[@metalcake2288]

Somehow, we need to be able to put businesses in jail

[@Demmrir]

@@metalcake2288Nah, it's easy. Put C-levels in jail. That's what their golden parachute should be for. For being the fall guy. See how long people keep signing up to be execs of corrupt companies.

[@seifer447]

Seems like these fines are too lenient.

[@chantingzhang]

I propose two things: a company shutter or exile, and a French haircut for the dealmakers.

[@wfb.subtraktor311]

@@metalcake2288 The much better answer would be to make a law that stipulates that fines for financial crime must be paid to the amount stipulated by the judge plus the independently assessed profits from the defrauding.

[@dipereira0123]

Forget a important point: when interactions/negotiations happen in person, theres a peer pressure for you to sign instead of reading the contracts\emails\ToS

[@drillerdev4624]

"Can you email me the conditions, please?" If they don't want to, it's not a good deal (for you)

[@carghai9235]

The Answer is..... Just don't do Financial Fraud

[@HowMoneyWorks]

Don't do fraud MMKAY?

[@trenomas1]

Hahaha! How else am I going to steal money??? Hahahahhahaaa!

[@grege5074]

But but but profit!

[@somerandomguy001]

​@@HowMoneyWorksok mom

[@jerryos356]

@@HowMoneyWorks and don’t forget drugs are bad MMKAY?

[@alexsanderrain2980]

I love the bromance between How Money Works and Patrick Boyle

[@karlsonkopfspalter3127]

I seriously expected the title to be just clickbait, but this makes a lot of sense.

[@ameyskulkarni]

How money works generally doesn't do clickbait. He's one of a few quality underrated youtubers.

[@duckhuntdynasty6562]

Wait....WFH as a bigger benefit not only for the employees but also for customers/consumers? Big businesses c suite clutch their pearls!

[@stevencooper4422]

It's bad for the company's commercial real estate holdings

[@dx-ek4vr]

@@stevencooper4422 They could try turning those empty office buildings into other stuff, like apartments

[@Tenchinu]

bankers hate this simple trick wait…

[@obsideonyx7604]

They love it. Multi-billion dollar frauds, banks pay multi-million dollar fines. The rest they can keep. 😊

[@mariokarter13]

Government: We want you to stop doing fraud. Banks: Then we'll stop processing your payments.

[@healydevlin1930]

Technically this would be a bad move as Governments can set up their own banks and call it the Federal US Bank. Also banks rely on Government so much for licensing and assurance to customers. I really can't see banks coming out well against a top level government..

[@ProfAzimov]

Gov: Say goodbye to your license

[@mariokarter13]

@@ProfAzimov Visa and Mastercard control basically 100% of financial transactions. What would the government even be able to do.

[@healydevlin1930]

@@mariokarter13 I think you underestimate the abilities of a government to take what they want. Those payment platforms exist because they are allowed.

[@arx3516]

Government: then we seize everything and put you on trial for treason. Military power > financial power.

[@RRW359]

This is why if we do go cashless which it looks like we are slowly doing we need some kind of public bank (a lot of people in the US have proposed postal banking). If you have to use a third party to store all of your money your only options can't be for-profit megacorps. Of course smaller banks and CU's exist but how do you force them to accept everyone and build branches close enough for everyone to use?

[@ameyskulkarni]

What stops public bank employees from doing corruption?

[@RRW359]

@@ameyskulkarni Isn't the entire point of this video that it's easy for banks to make rules about this stuff but for-profit banks don't see any reason to make them or enforce them when they do?

[@ameyskulkarni]

@@RRW359 I live in a country which has multiple public banks and a generally big government 1. Trust me, Government being involved does not make for less corruption. 2. It also makes people unmotivated and lazy to work, since there's a lot of red tape in government work. Hell, my friend has a relative who was hired in government, he went to work like once a few weeks and still got paid because firing him was too hard. Atleast in pvt co lazy/unmotivated people can be fired. Here they mooch off tax money and don't work

[@RRW359]

@@ameyskulkarni a trillion dollar bailout kind of counts as mooching off tax money, doesn't it? If the money spent on a public bank is more then printing cash and making sure it isn't copyable (not to mention how easy it makes it to tax dodge) then we don't have to make a public bank as long as we make it law that most businesses accept cash, but if the government can't guarantee that people with cash can spend their money or wants to get rid of it we need more options for underbanked individuals.

[@rffinances8567]

While I don't work in banking, I assume that any emails or messages I send to coworkers will be archived so I write those accordingly. Face-to-face conversations, not so much. We're not talking about anything shady, but these conversations are definitely less professional than if every word was recorded.

[@drillerdev4624]

Nothing shady. Just dat ass of the new accounting intern, I'ma rite?

[@bolt5564]

Isn't another reason why companies dislike work-from-home is that it is harder to pass along institutional knowledge?

[@davidpilibosian]

If only we had some form of non spoken method of transmitting knowledge and information. Oh well.

[@doujinflip]

Right, WFH limits what education is possible when framed and delayed with a screen. It's especially detrimental to junior workers who are still figuring out all the processes and contacts. There's a reason MOOCs flopped, and remote learning is getting reversed wherever practical.

[@Nero-was-Right]

@@davidpilibosianinstitutional knowledge: Which crimes to commit, how not to get caught How to violate someones rights, "legally" Few examples Doctors: how to justify giving pills, treatments, tests you don't need Retail: who to follow around the store, intimidate, make feel uncomfortable Managers: who not to hire, nepotism, justify hiring your less qualified friends FascistPigs: "turned as if to shoot" " this a high drug use area"

[@TechSY730]

Yes, this is a legitimate, non-exploitative downside of work-from-home. That's part of what makes the whole WFH conversation tricky, there isn't a definitive "always right" or "always wrong" solution, but rather tradeoffs.

[@bolt5564]

@@TechSY730 thank you for being the only person in the Internet who understands nuance.

[@panama_juan]

So return to office for investment banks is essentially to continue shady and unethical business practices without it being recorded. Got it!

[@bcase5328]

We could go back to when banking and brokerage work was separated.

[@diablo.the.cheater]

@@bcase5328 we could back to when banking was unndded and lending money was forbidden.

[@WTFSt0n3d]

Is it so hard to just earn money instead of stealing it?

[@Tarvos0]

There is a reason the corporate and conservative go to line is "pull yourself up by the bootstraps", it use to mean "To do something impossible."

[@ceoofthen-word8849]

Yes

[@Sk0lzky]

Yes.

[@kellychuang8373]

@@Sk0lzky Also can agree with that as well and considering our times with those Hollywood Strikes and heatwaves along with inflation the situation is only getting worse.

[@thewhitefalcon8539]

Yes

[@minecraftminertime]

The most important factor when considering where to live is PEOPLE! People you know living in the area, and the kind of people in general who live there! For example San Francisco is great for making connections with people in technology, and certain places have different cultures than others. Where would you want to build a family and community?

[@ronblack7870]

never in san francisco

[@Sonny_McMacsson]

"We like people that don't get caught." -- Bank

[@lostboy8084]

Fraud is harder at home because doing Fraud in your underwear is hard, just look Patrick has to dress in a suit but little do others know that he is in his boxers below.

[@matt69nice]

You don't want to get caught with your pants down

[@gb1174]

Great video as always! Could you make a video at some point on what happens if most white collar workers go fully remote? I.e, commercial real estate implications, what the domino effect is on the wider economy and anything we might not anticipate?

[@Keylevitation]

Damn, I'd like to see this too

[@garrettrinquest1605]

This would be great

[@iandickson7699]

In person is generally way more impactful than video. This is why we like to meet people. I've worked from home since 1992, and it is essential to have in person meetings with core colleagues and clients when possible, because we are human with human psychology, not robots.

[@nickstone1167]

Just spells out who is invested in real estate, whose disinterested in employee efficiency, and whose reliant upon nepotism and/or social skills as opposed to the inverted. WFH, by recording everything, simply makes it harder to lie or conceal something, and as we know, the likelihood of getting caught has a greater influence than the severity of punishment.

[@hubris6802]

Do you have a source for the statement, that fraud is 5 times less likely in homeoffice? Thanks, great video, as always

[@RBzee112]

In the description: A recent study by the European Journal of Financial Management found that FIVE TIMES less likely to engage in financial misconduct when working from home.

[@hubris6802]

Thank you@@RBzee112

[@Earthboundmike]

@@RBzee112 Perhaps a link to this... The internet is a wide place and you didn't name the study so far as I know. You know. A source? So fars I can tell it's probably behind a paywall but I mean, if it's for something like that you could mention the study, what page you'll find the pertinent information on. I tried looking myself but I mean, I can't verify this given about 10 minutes of poking around. At which point I mean, it's pretty likely this is true, is sounds correct, but I don't see where you are pulling this information from. Or for that matter any other information that might colour this differently.

[@stereodark]

Insider trading information to junior staff are massively exaggerated in this video. It might happen in some institutions but it’s not so common until you get to a senior level. It also depends on the definition of junior which is quite different in different regions and financial institutions.

[@DevoutSkeptic]

Me: "Wait... It's all work from home?" How Money Works: *cocks gun* "Always has been."

[@JorenParidaens]

Patrick Boyle, "on KZbin" 😂

[@rakynthosdarkkon1519]

I'm surprised he didn't get "hedge fund manager" as his title lol

[@Evergreen_Trees_are_cool]

9:25 huh. Guess the axiom "one bad apple ruins the bunch" applies more than I ever thought

[@JoshBorlase]

I make sure I watch your videos to the end specifically because you do not employ shady practises to boost watch time. Thank you folks and keep up the good work!

[@Stitch-smart]

There is a way to deal with in person meetings… record all sound in the building. Apparently at some wallstreet places they actually do that. Of course they just move the meetings off site then.

[@exoZelia]

The term 'financial fraud' is a bit misleading in the title. This is all about insider trading, one corner of financial fraud. Most average people are more likely to feel the effects of other forms of financial fraud, from identity theft to romance scams, than any type of outwards ripple from junior analysts making trades. Still a good video but I was expecting a lot more.

[@findwill]

I’m always a little thrown off when you say “so it’s time to learn how many works” halfway through the video 😂. All that was just the intro? This one was really interesting, thanks!

[@ronblack7870]

and the first answer is the sponsor .

[@Art-h3c]

This is what I love about $? Straight to the point.

[@Koresaurus]

Watched the whole video because you actually got to the point within a reasonable amount of time, which made me interested in how you would support that point.

[@lephtovermeet]

I love this video, you nailed some interesting points I hadn't considered but if you think online meeting is equivalent to meeting in person you're just wrong. When's the last time you just hungout with your friends online? Oh yeah never. I wonder why. So much of communication is nonverbal. Plus more than 1 person can talk at a time. I love working from home when I can but I can't tell you how many times I've been bottle necked or had things take 3-5 times as long either because every message takes 15-30 minutes for a response or because we need a decent white board space or being able to physically gesture would clear up so much ambiguity.

[@kgregorius8550]

There is one thing I wanted to ask why not make your own personal bank or weather is there a way to make your own bank with out making into a business?

[@OrbGoblin]

Do you think there's also a culture issue? I know you worked as an early year associate at one of these places and I just can't imagine them letting those people work remote. There's just a mentality there that has to change first.

[@dipereira0123]

From the bottom of my heart: f*ck culture, I'm a mercenary, I'm here to do a job(hopefully a well specified one), get money and spend it in c*caine and hookers, not to be friends with bosses or use company T-shirts

[@evanthesquirrel]

You're dropping the title later and later each video. Next year you'll be saying "it's time to learn how money works, go back to work and see you next week"

[@NicosM51]

We are well past the point where it makes no sense.

[@DJJonPattrsn22]

Wow! Thank you so much for cutting to the answer without drawing out watch times!

[@HankyBeagle]

I am really struggling returning to the office, I hate it. I was more productive with work and my home life while working from home. Productivity and happiness have plummeted while stress levels have skyrocketed having to travel to nyc on the lirr, to sit in an office and do the same thing I can do from home.

[@BeMyArt]

But I worked at call center and even here people stole information for fraud. What would be if such scammers got all this at home. It's weird to ignore why financial information is so sensitive in the first place. All pin codes and so on just here and random people can get access at workers home.

[@sepg5084]

I love working from home, but what i noticed is that it is also more difficult to teach new teammates remotely compared to face-to-face interactions.

[@CountingStars333]

Bankers can't work from home. You have to sign documents and get customers signatures on docs, and also find customers, solve their doubts, the banking software doesn't work on non company devices , there's a lot.

[@yeetboi268]

Your company still sign using pen and paper? Lol, that's so outdated

[@phillipj1135]

Explain why you moved your catch phrase from the beginning of your video to closer to the end? I'm just curious.

[@markowitzen]

I think it's probs to improve engagement for the algo

[@gleipniras]

I love how this is murica again. Banks in Belgium don't use sales pressure. They just cut jobs :D

[@michelauspimmelberger]

One thing it wouldn't prevent is people being incentivized to want to make more and more money. The people that are willing to do illegal and shady stuff like insider trading would just meet up in private, when they realize that working from home actually means work from wherever you want basically. Maybe you get the problem to become a lot less pronounced in the overall scale, but those that don't care about rules will not care about it. And one more problem I see in this is that banks could outsource responsibility that way. "We had no control over this Individual since he wasn't on our premise" and other excuses, the same way amazon is trying to do this via subcontracting individuals.

[@yuki-sakurakawa]

Zoom telling its workers to go back to work is like amazon telling its workers not to shop on amazon

[@Jon_M_Carro]

9:25 "POOOPOPOULE" 😔

[@kantasisg]

I came to the comments looking for you sir!

[@ESPFTW]

Very interesting perspective, thank you I learned something!

[@zachdugan7320]

I think the claim that a remote presentation offers no significant benefit over a remote one is pretty unfounded. If you can't be bothered to show up to sell it, why would they think it's worth buying? And while it was briefly mentioned, the value of corporate real estate is a huge factor in bringing people back into the office; especially for banks that hold tons of it.

[@Demsky83]

You are mixing retail banking with investment banking. Those things are very different roles.

[@DerperDaDerpa]

Patrick Boyle is legit, love his channel

[@JB-xn5xb]

Great video as always!

[@richandrews4488]

It reminds me of the old saying: Never write when you can talk. Never talk when you can whisper. Never whisper when you can nod. Never nod when you can wink.

[@emPtysp4ce]

I like how it took you over half the video to actually say the How Money Works line this time

[@verissimo_musica]

well, this solution is only a paliative at best. people will find ways to commit fraud. you can't just simply forbid in all ways possible somebody to talk to another person just because this somebody works in a bank

[@ethanstump]

Now sub in murder and rape. You made an ineffective argument.

[@luciferpyro4057]

Almost every solution in life is palliative . As the root cause of all our trouble is that we live in a reality that will never conform to our/one's own ideals. In other words we/one can do nothing but short of a lobotomy of the flawed iteration of the human design (adapt the internal to the external) or omniscient manipulation of reality (adapt the external to the internal)will do. But on the bright side a society/culture/human-being is capable of holding a myriad of ideals each often in conflict with another, so at least the choice which to keep and which to break/bend is there (most of the times at least, but easier said than done).

[@verissimo_musica]

@@luciferpyro4057 such a great pov

[@robertbeisert3315]

This is the problem with letter law - the more rigidly you define things, the bigger the loopholes and justifications. "It was not expressly mentioned as a fraud, but it was fraud. You remain guilty."

[@bypy35na]

The only reason we aren't getting a revolt is that people's revolt barely succeed agaisnt the strongest (military) empire at the time, at situations that are comparable to peace (considering decade long war is common in these empires). I mean, have you ever heard of any empire that wasn't being destroyed militarily, had been, or is overall just a weak military, where the people by themselves managed to win? None, it's all almost a revolt with outside backing, and you just can't do that in the US anymore, it's why proxy wars happen because it gets hard to get a rebel force well armed with exterior influence.

[@jdijkstra8115]

Calls aren't recorded usually. And WhatsApp on my private phone isn't tracked. Writing something down on paper... Etc. I could go on and on and on.

[@j03man44]

Title card is at 6:44 on a 12 minute video 😂😂😂.

[@andyhuber5339]

You're my favorite youtuber!!!

[@relaxingnature6766]

Answer at 1:00 Me: thanks, I’ll be leaving now

[@Kennanjk]

God I love me a good midrole title scene.

[@erikanderson1402]

Great 👏 leap 👏 forward 👏

[@TheInvisibleHandCo]

Great video!

[@SilentEire]

Did this man seriously play the intro a good 55% of the way into the video? 💀 🤣 6:43

[@donaldlyons17]

I don't see a reason not to let them do whatever seems to work....

[@ivybridge4054]

You are easily the coolest KZbinr, I wonder what if any is the relationship between your chosen topic and you being the best (definition currently withholding but known and concrete)

[@oscarpaz27]

Yep.

[@blipboyy]

Thank you for this.

[@k9man163]

Nice to see Patrick!

[@potatodiggs9602]

So criminality is so high they can't have accountability. I hate them.

[@samuelsmith9582]

I'm gonna stop you right there. 10:15 No. There are a lot of reasons to prefer in person interactions ranging from basic human psychology to the inconvenience and interference of remote interactions. Just like self checkout is a miserable fucking experience in a grocery store when you end a zoom meeting and realize you forgot to ask something you can't turn around and rectify it immediately.

[@danielschein6845]

Strange. I’m fully remote and if I want to have an off the record conversation I just use the phone.

[@eruben2]

Banks can/do/have to record such internal calls

[@fanban2926]

@@eruben2Banks can not record such conversations, but a telecom can.

[@CAverageBrain]

Omg another Let It Happen edit!

[@cyanmanta]

11:10 I’m sorry, but you work for the New York Post. Therefore, I cannot hear a word you are saying. Please check your career priorities and try again.

[@bbb3za]

Where do the fines go?

[@DuchessandHammer]

Is insider not much more likely remote working?

[@fanban2926]

Why would it be?

[@summertime69]

Wait... bank staff arent supposed to sell you stuff in the branch? Ive been working for banks for years (most of it in a call center) and were expected to offer a product on every single call. Thats the WF for you, i guess...

[@marteriusjackson]

Hear me out: what if we just arrested people that broke the law

[@williamgraham822]

This was fun to watch

[@wiktorkokosik8747]

Has not yet watched the full video, but already liked it. I trust in the quality of this video material!

[@nick066hu]

Blinds open: BUY Blinds closed SELL and my window is visible from whole Manhattan what do you do with this, SEC?

[@scremingwhisper1720]

And here I thought the solution was to get an accounting on how much they profited and make that the base of the fine, then fine them.

[@ghostiulian1]

So they do it to continue to do shady shit which can't be tracked as easily at the office

[@dusttoh8927]

Its always fun to guess when he will say 'Its time to learn how money works'.

[@kalebglenn5279]

10:11 Are you serious? NO reason that in-person would be better than remote except to bend rules? Yeah... okay... I'm sure their competitor got more business solely because they got to re-add the human element of breaking rules. There are good points in here, but segregating everyone because 'one bad apple... influences the bunch' as a simple solution is a dumb solution.

[@johnruhd5917]

Hm, one officer can corrupt a whole department? That sounds a lot like a bad apple spoiling a barrel. Weird how pro-cop people always forget the second half of that expression.

[@Mike-qc8xd]

interesting but mostly speculation My company is in the financial area and they doubled down dumped their real estate holdings and let us stay home

[@shishoka]

So the actual solution is greater oversight.

[@BeMyArt]

But yeah mostly offices made to harassment, not for productivity

[@thecodemachine]

So did "$?" move to Dubai and get those sweet money guns yet?

[@al8-.W]

If only all financial transactions could be recorded forever in a public, immutable ledger of some sort. 🤔

[@HH-ru4bj]

That sounds dystopian. It's kinda like how the IRS wants us to report any cashapp or Venmo income totalling over $500. If my kid needs an emergency rent payment, I don't want that counting against them, while at the same time I don't want to have to pay taxes on a yard sale or meticulously track birthday money.

[@wagmigme]

Participative finance

[@matthewhungerford1861]

what are the stats of people living at home for their future then say leaving at 35? just wondering as you keep saying your screwed but if your saving 50,000 a year thats way above what experts say you should invest.

[@egal1780]

I Like the Idea of creating an online bank (though only theoretically possible), that Sounds interesting

[@oflameo8927]

There are many online only credit unions.

[@BassForever44]

There are a few online-only banks in the UK

[@mkane212]

Any junior associate, that gets caught up for insider trading is just incompetent and probably didn’t deserve that job in the first place

[@Cordovan]

here is daily financial advice: invest in big strawborrys 🍓⸜(˃ ᵕ ˂ )⸝

[@adammontoya8329]

Man, this video just jumped all over the place