Cruz and to a lesser extent Rubio and Carson, (and maybe Trump, but who could tell), said that letting the banks fail would have been preferable to what we did. I agree.
Today my local bank in a rural Oklahoma town of 7,500, subsidizes the Wall Street giants through hugely increased fees, taxes and costs all mandated by Dodd-Frank. From DC’s point of view, all is right with the world when money flows from Oklahoma to New York, and not the other way around.
Huh, I didn't know we could say that. Anyway, dumping Dodd-Frank is something Mr. T's been clear on --point in his favor.
And that local bank will not be around much longer. Soon there will be less than 5K Commercial Banks left in America. Industry shrinking. Gone are the days when bankers knew their customers.
Yep, most of the money flows to the northeast or the west coast. They run it all.