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Yeah I'd also like to see that, especially with the number of banks continually shrinking (e.g. less than half as many exist as did in 1980), giving consumers f
by ad_hominem 9y ago
Yeah I'd also like to see that, especially with the number of banks continually shrinking (e.g. less than half as many exist as did in 1980), giving consumers fewer and fewer options to shop around.
Then the other half of my brain is like "you're expecting the gov't that gave you Operation Chokepoint to do a 180 and suddenly be benevolent?" and "the reason banking is congealing into an oligopoly in the first place is because of the staggering amount of banking regulations churned out by the gov't every year, significantly raising barriers to entry" ¯\_(ツ)_/¯
- cal5k 9y agoYeah, I hear you. At least it's more robust there than it is in Canada... our Schedule I banks (there are 5 major ones) are protected by law from foreign competition. I don't see a move towards the type of deregulation that might lead to real competition, so the only plausible solution I see is more legislation. Hah. It makes my inner libertarian cry.