The article is really vague on its criticism - I think it shows a fundamental lack of understanding of how the finance industry works. Most banks don’t like to

The article is really vague on its criticism - I think it shows a fundamental lack of understanding of how the finance industry works. Most banks don’t like to hold risk so even when they create these exotic products for institutional clients they typically get sold off to investors who would the risk. Most risk averse banks prefer to be the broker rather than the dealer. Not to say there isn’t anything wrong with the current permutation of banks, but I just don’t think there is a strong argument in TFA. Also credit unions are a thing for those worried about big banks.