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.
-
Show this thread
-
(Community banks might say, with some justification, that it’s one thumb on the scale and another thumb in their eye.)
4 replies 0 retweets 14 likesShow this thread -
Replying to @robinc
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.
10:50 AM - 20 Aug 2019
0 replies
0 retweets
5 likes
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.