The gutting of federal regulations is partially to blame for the bank’s crisis. But so is a belief, prevalent in the finance and tech worlds, that profits will come forever, and that there is little need to plan for a rainy day.
The company’s spectacular downfall could cause future investors to be more cautious, and government agencies that oversee digital assets to be clearer and more stringent.
The right to access contraception radically expanded women’s economic prospects. By overturning Roe v. Wade, the Supreme Court has laid a road map for reconsidering that right.