Comments on: Banking and finance roundup https://www.overlawyered.com/2019/04/banking-and-finance-roundup-26/ Chronicling the high cost of our legal system Mon, 08 Apr 2019 13:37:26 +0000 hourly 1 By: SPO https://www.overlawyered.com/2019/04/banking-and-finance-roundup-26/comment-page-1/#comment-353845 Mon, 08 Apr 2019 13:37:26 +0000 https://www.overlawyered.com/?p=73065#comment-353845 Re; Badgering banks. This is fundamentally why campaign finance laws are wrong. If AOC or any other politician declares war on a corporation, it should have the right to defend itself through political speech or contributing to the politician’s opponents.

]]> By: Parkhorse https://www.overlawyered.com/2019/04/banking-and-finance-roundup-26/comment-page-1/#comment-353844 Mon, 08 Apr 2019 12:20:26 +0000 https://www.overlawyered.com/?p=73065#comment-353844 •“In the banking world, with which I am familiar, the general belief has been that you disobey supervisory guidance at your peril. That sounds like law and regulation, but without the open process and accountability. Over many years it has certainly felt that way.”

I’m in Defense, rather than banking, but it’s much the same. The text of the regulations matters less than the auditors’ interpretations of how things ought to be, and while it’s a fight you could theoretically win, well, is it really worth it? As a practical matter, it’s almost always better to not be asked a question than it is to have a really good answer to the question.

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