The GAO's admission that it is unclear how the system would have performed without the invocation of the systemic risk exception, may be its most important finding. It may have found that (i) in the short run, bailing out all depositors did little or nothing to actually reduce or eliminate the risk of bank runs and (ii) in the long run, bailing out all depositors may still be deleterious.  

The issue worth study is how did the regulators so badly miss the problems at the two…

This Trump Executive Order is quite short (less than 2 pages). It sets out just two goals: (i) obtaining "global leadership" in AI; and (ii) developing AI systems that are free from "ideological bias or engineered social agendas."

By contrast, President Biden's , just revoked, ran over 40 pages. While EO 14110 was also intended to promote AI, that goal was subsumed within 30 or 50 other goals (responsible innovation, AI education, IP questions, attracting immigration,…

For some ideas on necessary steps to move forward, see: .

One interesting aspect of this story is that the firm used non-US influencers to market to non-US customers. Perhaps the firm thought (wrongly) that doing so might take it out of the jurisdiction of the US regulators.