For example, I reported a post today that was a blatant attempt to steal my log-in information. Facebook's response: "it doesn't go against one of our specific Community Standards."
This was for a post that was impersonating Facebook.
I've heard very similar stories from many other people.
Obviously, Facebook just can't handle even the most basic problems to do with moderation. There are so many problems on their platform that go beyond the most obvious attempts at fraud and scams. Yet, if they can't properly handle the most obvious scams, how can we trust them to properly moderate anything at all?