It used to be impractical for banks to merge because their main asset was local knowledge of who was safe to lend to and who wasn't.
Around the time of the new deal governments started guaranteeing bank loans provided they adhered to certain requirements, so suddenly local knowledge didn't help and all that mattered was being big enough to interface with the federal government.
Cancel all those programs and commercial pressure will force banks to get small again. It'll probably happen anyhow if crypto or gold replace fiat.
[ + ] yesiknow
[ - ] yesiknow 10 points 3.2 yearsFeb 17, 2022 11:36:18 ago (+10/-0)
[ + ] letsgetit
[ - ] letsgetit 2 points 3.2 yearsFeb 17, 2022 14:27:07 ago (+2/-0)
[ + ] Broc_Liath
[ - ] Broc_Liath 2 points 3.2 yearsFeb 17, 2022 15:18:59 ago (+2/-0)
Around the time of the new deal governments started guaranteeing bank loans provided they adhered to certain requirements, so suddenly local knowledge didn't help and all that mattered was being big enough to interface with the federal government.
Cancel all those programs and commercial pressure will force banks to get small again. It'll probably happen anyhow if crypto or gold replace fiat.
[ + ] letsgetit
[ - ] letsgetit 0 points 3.2 yearsFeb 17, 2022 15:29:00 ago (+0/-0)
[ + ] Broc_Liath
[ - ] Broc_Liath 0 points 3.2 yearsFeb 17, 2022 15:30:54 ago (+0/-0)
[ + ] yesiknow
[ - ] yesiknow 2 points 3.2 yearsFeb 17, 2022 15:24:26 ago (+2/-0)
[ + ] HeyJames
[ - ] HeyJames 2 points 3.2 yearsFeb 17, 2022 16:41:46 ago (+2/-0)
[ + ] Version6
[ - ] Version6 4 points 3.2 yearsFeb 17, 2022 11:56:05 ago (+4/-0)
[ + ] Qwertytoal
[ - ] Qwertytoal 2 points 3.2 yearsFeb 17, 2022 16:15:33 ago (+2/-0)
Why the fuck didn't the interviewer ask the simple question "what was it they did wrong? What law did they break?"
[ + ] Boardallday_420_2
[ - ] Boardallday_420_2 2 points 3.2 yearsFeb 17, 2022 15:21:08 ago (+2/-0)
[ + ] Rob3122
[ - ] Rob3122 1 point 3.2 yearsFeb 17, 2022 14:08:33 ago (+1/-0)