Agree on all points. Like these people clearly committed fraud but if you’re careless enough to get suckered into this you probably weren’t the most financially savvy person to begin with. Balancing the scale should be enough. On the other hand the banking sector really needs to modernise. So much is built on archaic legacy systems and there doesn’t seem to be any motivation to modernise and foolproof them. The economies too busy chugging along to care about how secure the foundations of it are.