Regulation helps the large incumbents, who have more capacity to bear the fixed costs. The capitalist solution to the 2008 financial meltdown would be to let n

Regulation helps the large incumbents, who have more capacity to bear the fixed costs. The capitalist solution to the 2008 financial meltdown would be to let new banks bump the old banks. Despite all the Fintech innovation, the old banks are more entrenched than ever. With Dodd-Frank, Barney Frank gave them one more gift on the way out of office.