I might be willing to accept a lot of strings for 500mil ... just saying.
When you put it that way, he can't be anything other than an asshole.
You can always opt out if you don't like it. Store your data in your mattress. :)
People know how banks operate and they are regulated. The same is not true for Facebook, which makes negative policy decisions all the time.
Banks are one of the most opaque industries and are constantly devising (ingenious) ways around regulation.