I read an article somewhere today about how BNY Mellon had to pay several hundred million dollars for unfairly overdrafting customers, and it struck me …

How on earth do you cheat people out of several hundred million dollars?

You can’t do that easily if you make cars or computers.

But if you are in the business of passing money around, something everyone has to have access to, then you can unfairly deprive millions of people of little bits, and no individual can really do something about it. You have all the power.

Which seems a good reason for turning money transmitters into utilities.