New York Magazine has a lively interview with former Rep. Barney Frank, the former chair of the House Financial Service committee who is also famous, of course, for lending his name to the banking law passed in the wake of the 2008 financial crisis.
In the interview, conducted by Fortune Crypto alum Jen Wieczner, Frank makes the startling claim that regulators shut down Signature Bank pour encourager les autres—explaining the expression comes from the French to describe the English Navy's habit of shooting men to set an example for other would-be troublemakers in the 18th century.
