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A war on banks...at least that makes more sense than a war on terror.
It might make more sense, but it is tougher than the war on terror.
Topic: Winning the war on banks :-P (Read 366 times)
It might make more sense, but it is tougher than the war on terror.
Only way to defeat banksters is to make them subjects of elected authorities - through state.
What you are sharing here is absolutely different. Regulation is simply tighter, meaning that new players have harder time to go into competition against old oligarchs. Winning the war, doesnt mean less, bigger and more powerful banks...
What you are sharing here is absolutely different. Regulation is simply tighter, meaning that new players have harder time to go into competition against old oligarchs. Winning the war, doesnt mean less, bigger and more powerful banks...
BARREN, dry, desolate. These are words you might choose to describe the terrain left by California’s ongoing drought. But they apply just as readily to the landscape for bank startups in America. In the 25 years before Lehman Brothers collapsed, new banks were licensed at an average rate of 164 per year. Since, the industry has been suffering a seriously arid spell. In 2011 no new banks were licensed, making it the first such year since at least 1934. When Primary Bank, based in New Hampshire, opens its doors on July 28th, it will be just the second lender in America to do so in five years. And it will be a welcome sight, given that small banks play a vital role in the economy.
http://www.economist.com/news/finance-and-economics/21659727-opening-new-bank-america-provides-hope-more-will-follow-bank-free?fsrc=scn/fb/te/pe/ed/bankfreeordie
http://www.economist.com/news/finance-and-economics/21659727-opening-new-bank-america-provides-hope-more-will-follow-bank-free?fsrc=scn/fb/te/pe/ed/bankfreeordie
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