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Pretty close - surprising a regulator like this and especially making misleading statements about their supervision is exceptionally bad form and suggests Facebook doesn’t have have the right processes in place to implement their consent decree. To see such a swift and public censure is a very strong warning to pull up their stocks and expect much more scrutiny on this topic. If someone at a bank had done something to prompt a response like this it would be a career limiting move - I can’t think of a similar case offhand but avoiding this kind of fallout would be very high on any sensible CEO’s todo list.


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