Posted by
Playful Walrus on Monday, November 23, 2009 4:48:27 PM
Now the MSM is reporting that certain experts and authorities are calling for limiting the size of financial institutions. As long as a monopoly isn't being formed, I have no problem with financial institutions getting bigger and bigger. It can be convenient for someone to be able to handle most of their banking, credit, lending, investing, and insurance needs in the same place.
Of course, the reason some people are calling for limits is 1) bailouts and 2) propping up parts of the economy with a house of cards. Let's do neither. Let the market work.
I'm a member of more than one credit union, myself. Through merging with other credit unions and growing larger, they have been able to better serve me.