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09

Sep

One of the main tenets of capitalism is that it allegedly creates competition, giving consumers higher quality and lower costs. But when competition drops from 37 national banks to 4, that “consumer wins out in the end” theory goes right out the window. But don’t even think of regulating the banks!

One of the main tenets of capitalism is that it allegedly creates competition, giving consumers higher quality and lower costs. But when competition drops from 37 national banks to 4, that “consumer wins out in the end” theory goes right out the window.

But don’t even think of regulating the banks!

8 months ago

banks/Wall Street/Regulation/Finance/Graphs/Charts/