Discover and read the best of Twitter Threads about #finreg

Most recents (2)

.@repfranklucas makes the obvious point that one of the issue with people being "underbanked" is lack of institutional trust. He asks Zuck why people who are distrustful of banks would trust FB. Zuck - in contradiction of earlier media statements - basically says people trust FB.
@RepFrankLucas .@RepGregoryMeeks asks Zuckerberg if FB has worked with any minority-development depository institutions, given that he cares about the "unbanked" so much.

Zuckerberg admits he has no idea if FB has done this.

#ZuckBuck #BigTechTakeover
@RepFrankLucas @RepGregoryMeeks #Libra does not offer bank accounts.

#Libra does not offer bank accounts.

#Libra does not offer bank accounts.

#Libra does not offer bank accounts.

Stop it.

#ZuckBuck #BigTechTakeover
Read 96 tweets
Just spit-balling here, but maybe a central bank with a broad #finreg mandate should consider addressing financial instability through a mechanism that doesn't condemn millions of oppressed people to involuntary employment.
"A hot labor market might hurt young people's prospects and cause financial instability"

- a spokesperson for an institution that completely missed a hot housing market hurting young people's prospects and causing financial instability

smug much?
Read 3 tweets

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