More, smaller banks means more diversity and less chance that a few of them can endanger the whole system.
As far as the I-Banks being bank holding companies now, I'm seeing more stuff under fewer roofs than there was before.. that seems less stable to me.
I don't actually have an answer for how to fix the problem, I'm just worried that we haven't had the kind of systemic change that we need. A little more auditing doesn't change anything, the banks pay a lot more than the regulatory agencies so they'll be able to capture them.
Comments
More, smaller banks means more diversity and less chance that a few of them can endanger the whole system.
As far as the I-Banks being bank holding companies now, I'm seeing more stuff under fewer roofs than there was before.. that seems less stable to me.
I don't actually have an answer for how to fix the problem, I'm just worried that we haven't had the kind of systemic change that we need. A little more auditing doesn't change anything, the banks pay a lot more than the regulatory agencies so they'll be able to capture them.