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_WhaleBiologist t1_jc1f4bb wrote

He wasn't a fiduciary. FTX wasn't a bank. SVB didn't fail because of crypto.

If you're gonna circlejerk at least do it right.

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mechapoitier t1_jc1vy7v wrote

Yeah that’s a lot of work to misunderstand that fiduciaries are one of the least unethical type of banker

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yasuewho t1_jc2bfgr wrote

I was going to say the same. Be aware that the word fiduciary is not the same as a banker. It's the term used in investing for those who register for it; a fudiciary is legally required to give investment advice that is in their client's favor rather than their own commission or the firm's. In the US, there are rules about how to become a fudiciary. and it doesn't suit this scenario.

It's a clever piece and beautifully executed. I just don't think the word works here because it has no relation to the subject.

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cote112 t1_jc2llwv wrote

People get "financial advisor" confused with "fiduciary" too.

Fiduciaries are friends, is a fun way to remember.

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