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by john_moscow
1512 days ago
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Why would they? If there were many small banks competing with each other for the consumer's money, the free market mechanics would have quickly brought the interest rates up. But hey, who needs competition. Let the banking sector be run by a bunch of buddies that go to the same golf club, and if they cock up, they can always schmooze the regulator to give out a hefty bailout package. Who would have thought the consumer will get screwed? |
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