>That can't work, not if you scale it up across the industry. But what if they make it work? A bank doesn't have to rule the world, it can exist in equilibrium

>That can't work, not if you scale it up across the industry. But what if they make it work? A bank doesn't have to rule the world, it can exist in equilibrium, or am I wrong here? >A narrow bank is essentially free-loading, and politically untenable. If they exist and are (barely) profitable, what does it matter that it is politically untenable?