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There could have been a round of modern “trust busting” ala Teddy Roosevelt. Too big to fail is a clear center of too much market power. (That the smaller banks
by ianai 4y ago
There could have been a round of modern “trust busting” ala Teddy Roosevelt. Too big to fail is a clear center of too much market power. (That the smaller banks like credit unions weathered that era better underscores the need for some “right sizing”.)