Friedberg: Capital market regulations historically stem from public outrage over victims
David Friedberg · E104: FTX collapse with Coinbase CEO Brian Armstrong + election results, macro update & more · Nov 12, 2022 · at 1:05:02
David Friedberg shares a historical model of financial regulation during a debate on how Washington will respond to the collapse of FTX.
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“And the way that regulation has worked historically is not by first saying, hey, let's figure out the right way to create a framework for operating. It's that some sort of people got advantage. That story then becomes the regulatory framework. And that story has repeated itself for 500 years. Across capital markets.”
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