
sr20230302_MoneyHQ
Divine Intelligence, etc
00:00
I Could Have Told the ABA When They Started
I'm starting to like the bankers associations because I'm getting the creeping suspicion that they're based on one bank, one vote. There's 4750 banks in the US and most of them are small. If you were to just wipe out the 40 top banks in American, if you didn't, you can't imagine the change in policy that would result. You know better than anybody, how we balloon those top 40 banks as a result of the financial crisis. So, but there is still enormous power in those small banks and there's enormous economic power when it comes to banking.
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