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> According to Roger Lowenstein, a financial journalist and author of America’s Bank: The Epic Struggle to Create the Federal Reserve, bank regulations used to
by kibwen 4y ago
> According to Roger Lowenstein, a financial journalist and author of America’s Bank: The Epic Struggle to Create the Federal Reserve, bank regulations used to protect small lenders in particular—in the 1930s you couldn’t have more than one branch or operate across state lines.
I say we bring this back. Split up the "too big to fail" ultrabanks.
- youainti 4y agoThere's a good reason we got rid of that regulation. With limited geographical dispersion, local bank runs could be really damaging. But yes, too big to fail is an issue, but small and easy to fail is another.
- hackernewds 4y ago> Split up the "too big to fail" ultrabanks. why?