Is There a Two-Tier System?

"We need to ensure that all banks, large, small, are actually sound," he says. "For everybody under 250,000, they don't have any reason to flee." Peter's recollection is Caitlyn Long had a hand in some kind of proposal for a very sound banking institution. But the regulators wouldn't approve it because it would be so sound 'it would suck the life out of all their crummy banks'