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What do you mean broken up? It should be seized and either converted into a credit union (give ownership to the affected people) or a state run non-profit bank
by fabianhjr 4y ago
What do you mean broken up?
It should be seized and either converted into a credit union (give ownership to the affected people) or a state run non-profit banking service. (And also implement the proposals for the postal service to offer banking services)
That would avoid both a lot of smaller wells fargos doing worse things and further financial damage to the economy, clients, and workers of splitting up a private company.
- twblalock 4y agoIf people really think nationalization is a reasonable solution, I'd rather not punish banks at all.