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by footlose_3815 325 days ago
https://en.wikipedia.org/wiki/Masterpiece_Cakeshop_v._Colora...

Thoughts? You must feel conflicted. Since Trump's actions are in violation of this logic.

1 comments

Why would I feel conflicted? One is about cakes from a small business with lots of alternatives for customers to choose from. The other is about large banks which are few in number, have privileged access, immense power, and provide a public utility.
There are over 4000 FDIC insured banks in the US, and another almost 3000 FDIC supervised banks, along with over 4000 credit unions. This is nowhere near a monopoly situation.
In what world view does it make sense that banks provide a public utility? They're profit seeking, risk averse, Con men run businesses that work to extract as much "value" (money) as they can, from you, to give to others.
In one brilliant sentence, you've described both Baltimore Gas and Electric (BGE) and Wells Fargo.
Banks also create currency and manage all transactions in the economy. How is that not a public utility?