4 ms·
To be frank that bank policy sounds a lot like a pretense for protectionism to banks more than an antitrust measure so they don't have to worry about being disr
by Nasrudith 6y ago
To be frank that bank policy sounds a lot like a pretense for protectionism to banks more than an antitrust measure so they don't have to worry about being disrupted by others winning big on bets they didn't take.
I recognize there may be very different values in play but I find calling that wrong bizzare and arbitrary.
- manquer 6y agoSimilar protections existed for ibanks not to do retail till a while before in the U.S. It is to prevent a conflict of interest , the banking division can refuse to finance a competitor , give very cheap financing ignore the risk of the non finance business etc, to put it in monopoly terms , you wouldn’t the player being banker to give cheap loans to himself while refusing to give you money right ?