The standards are now much higher, which may be limiting demand. It is far less attractive to apply for a new charter when your growth is curtailed and examinat

The standards are now much higher, which may be limiting demand. It is far less attractive to apply for a new charter when your growth is curtailed and examinations are more intense and frequent for your first _seven_ years of operation. You're right on the prior to 2008 comment, but it was indicative that any bum and their mortgage broker could get a charter. But tech companies who are (hopefully?) less shady, can't.