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Comment by tmpz22 | Hacker News Reader

Old people who don't watch their assets, very rich people who don't watch their assets. Maybe we should build a protection mechanism for it - maybe call it the Consumer Finance Protection Bureau?

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For reference, see:

DOGE-Backed Halt at CFPB Comes Amid Musk's Plans for 'X' Digital Wallet - https://news.ycombinator.com/item?id=43003636

And

The biggest microcode attack in our history is underway - https://news.ycombinator.com/item?id=43001730

CFPB is irrelevant for hedge fund LPs.

and is irrelevant in general since its just been nuked from orbit

Does a nuke from orbit generate more destruction than a suborbital nuke?

Probably similar given the same yield unless the bomber has some way to utilize the kinetic energy of the orbit.

The difference though is that a nuking from orbit has less chance of retaliation since the aggressor is no longer on the same planet (unless the victim has ASAT weapons).

Automated protection tools could also help in monitoring hedge funds, similar to how apps like BillGuard[1] worked for personal finance. Many investors don’t actively track their holdings the way they do with credit cards.

[1] https://en.wikipedia.org/wiki/BillGuard

Yes and what would be its job? Making sure that rich people have lawyers who read contracts? That would probably suffice. I don't have much sympathy for people who have enough money to use hedge funds and complain about the terms of their completely voluntary transaction.

Most investors who invest in these funds are institutions and the ones who are (extremely rich) individuals are very unlikely to not be paying attention.

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