Increased regulation in some regards has just driven further consolidation in the banking industry. It also makes it more and more difficult for would-be competitors to try and disrupt these banks.
I'm not sure that increased penalties, sending execs to jail, or more regulation will fix banking. If the banks are "too big to jail/fail" then maybe we should make them smaller...
I'm not sure that increased penalties, sending execs to jail, or more regulation will fix banking. If the banks are "too big to jail/fail" then maybe we should make them smaller...