Hacker News Reader

OK, so yes there are many things "interconnected" in the social sense. For example, lending rates in one nation affect trade in another. Music popular in Germany affects music played in New York. OK.

This "interconnectedness" doesn't prohibit the US from reigning in its financial sector by forcing banks to adopt a utility banking model. It really has nothing to do with it.

View on HN

> This "interconnectedness" doesn't prohibit the US from reigning in its financial sector by forcing banks to adopt a utility banking model. It really has nothing to do with it.

If the US (or any jurisdictions) regulators don't understand how the "interconnectedness" manifests itself on a day today basis (or how it has and continues to evolve), no matter what they "force" (esp if the model is divorced how things are done today), it will be routed around and will be none the wiser until something blows up.

The revolving door between centralized industry and centralized gov regulators certainly doesn't help with that…

Reply on news.ycombinator.com