Mehrsa Baradaran

There is a history of banks and payments companies being responsible for the wrongdoing of their cohort, if the person they're working with isn't a trustworthy partner, that may not be worth it for them.

Mehrsa Baradaran

I think Facebook understands tech and algorithms and data and AI and platforms really well, I do not think it understands money and banking well at all. I think the only hope for the project was to bring in a partner who understands how that works.

Mehrsa Baradaran

We can bring Mark Zuckerberg to Congress and publicly shame him, but we can't vote him out, whereas with the Federal Reserve, we have some public accountability, why would we trust Facebook more than our own public institutions, for something this sensitive ?

Mehrsa Baradaran

It turns out that there are too few people doing this stuff, because there hasn't been a market for it, and all of a sudden, you go from nobody reading it, to Warren adopts it, to the Post Office adopts it, to Kirsten Gillibrand adopts it.

Mehrsa Baradaran