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[–] 13985608? 0 points 1 point (+1|-0) ago 

I concur that the current financial knowledge in the public is atrocious, but good luck creating any effective memes beyond YOLO speculating that WSB does.

Most struggle to properly grasp the most basic lesson; buy low and sell high. Good luck getting people to understand bond duration, self sustaining growth rate, NOPAT, calculating beta, or even derivatives in meme format.

Having normies better educated in finance won't halt any deceptive practices or scams. You should understand that derivative pooled securities came about to elude existing regulations. It served to make assets such as mortgages more liquid, even hiding the risk of some included. Normies won't have any effect on derivatives, since most of it is done to offset risk off balance sheet for banks and corporate financing.

However, if you're referring to the likes of Wells Fargo and Bernie Madoff, then it's a matter of teaching ethical conduct consumers should demand for transparency in servicing financial products. Looking to government for the solution, however, is foolish due to regulatory capture, financial engineering, and extravagent campaign contributions.