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The regulatory costs of running a bank are much higher now than before the financial crisis. This means that the chance of an upstart challenging the big playe
by habosa 9y ago
The regulatory costs of running a bank are much higher now than before the financial crisis. This means that the chance of an upstart challenging the big players has actually gone down, even though some of the regulation was meant to address concerns of "too big to fail".
- vuln 9y agoWhich is the Trump administration is trying to change that to give smaller regional banks a fighting chance. It's weird tat people are against this.
- wmeredith 9y agoI agree. The tribalism in the current political climate of the US is really damaging on all sides. Trump has done more than a handful of good things and a lot of my friends/family don't want to hear it. Just like my Dad (Fox News watcher, Limbaugh fan, etc...) almost foams at the mouth when you mention Obama/Clinton; it's crazy. He's been conditioned. It reminds of the effects of the two minutes hate from 1984[0]. Too many citizens are completely disengaged from the political process and too many of those that are have bought into these cults of personality. [0]https://en.wikipedia.org/wiki/Two_Minutes_Hate https://en.wikipedia.org/wiki/Two_Minutes_Hate
- bogomipz 9y agoOh but that regulation is on the chopping block right now: https://www.washingtonpost.com/business/economy/10-years-after-financial-crisis-senate-prepares-to-roll-back-banking-rules/2018/03/04/e6115438-1e37-11e8-9de1-147dd2df3829_story.html https://www.washingtonpost.com/business/economy/10-years-aft...