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Sunday, November 17, 2019

a news service

Bank Mergers

Deregulation and enhanced competition got us One Big Airline, and it’s controlled by Americans. Is there anyone left out there who has illusions about what all these similarly rationalized bank merger proposals are going to get us other than a lot of empty branch offices in small towns and less-than-heavy-traffic urban areas, hordes of unemployed clerical workers and a radical sharpening of the existing “let-em-eat-cake” approach to financing small businesses? And does anyone have an estimate of what the cost in elevated rates for non-corporate customers will be when governments refuse to let them have what they want?

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