As always, regulation favors the larger institutions and acts as a barrier to others.
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Well yea, Dodd-Frank eliminates competition. Local and regional banks are suffering as a result.
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Duh. Nothing protects the industry more than expensive regulatory barriers. Keeps competition out.
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China is the biggest bank. Quite simple
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why would this even be considered surprising?
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of course! It's a massive barrier to entry for would-be competitors
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Diagnostic? Hidden loopholes for further screwing of the people?
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Translation, don't remove the massive barrier to entry that would allow new business to compete with us.
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Why not? Big banks got bigger and their smaller more customer focused competitors got crushed. Big banks can thank Dodd and Frank...
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Of course they prefer Dodd Frank to Sarbanes Oxley (sp?). One favors big banks; one restrains them. Bring back SO!
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Unlikely? Geez you guys are clueless, aren't you? Read an econ book for christ sake.
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Mr. Simon isn't living in reality
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Unexpected? DoddFrank is an asymmetric burden to smaller banks. OF COURSE big banks like (love) it. As for naivete at WSJ... expected!
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Thankfully Trump chose an ex Goldman Sachs banker in charge of the Treasury now; he'll stand up for smaller banks / businesses right?
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Because its not them but the small banks and credit unions that are being hurt by Dodd-Frank.
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Rest my case!
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Now this is something. The chicken brain doesn't listen to anyone.
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