Bank regulations aren't really a good thing for consumers in the long-term. The arguments made by the previous executive about the cost of the regulations hurting the bank is quite true. The fact the executive was a social justice advocate is not relevant to the point she was making but does make her look like an idiot.
Bank regulations tend to favor that largest banks by cementing in their monopoly, reducing competition and have a larger cost to consumers in the long run.
Banks failing isn't a problem. They should fail. That's the nature of business. The problem is governments bailing banks out.
Bank regulations aren't really a good thing for consumers in the long-term. The arguments made by the previous executive about the cost of the regulations hurting the bank is quite true. The fact the executive was a social justice advocate is not relevant to the point so was making bit does make her look like an idiot.
Bank regulations tend to favor that largest banks by cementing in their monopoly, reducing competition and have a larger cost to consumers in the long run.
Banks failing isn't a problem. They should fail. That's the nature of business. The problem is governments bailing banks out.