A non-obvious reason for many limitations of the US banking system is a strong desire by policymakers to put a thumb on the scale for community banks.
-
-
Are you saying US policy is pro-credit union?
-
There are about 5,000 banks in the United States versus about 200 in Japan. This reflects a policy preference. While the government has preferred gradual attrition, it strongly disprefers radically altering community banks’ viability in marketplace.
End of conversation
New conversation -
-
-
Have you read Brewster Kahle's scathing post-mortem after NCUA hounded his startup credit union to death?https://www.nytimes.com/2015/11/25/business/dealbook/dream-of-new-kind-of-credit-union-is-burdened-by-bureaucracy.html …
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
tweeted about this yesterday...somewhat related, but would love your thoughts!https://twitter.com/iankar_/status/1163581204827975680 …
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
and, they'd be right
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.