Quote:
Originally Posted by Pete F.
While you say Traditional Banks, traditional banks no longer exist. The bank that i used to be able to call and say i need this, they would say, for what and put the money in my account, I would stop and sign the paper has been bought and sold 3 times in the past 20 years.
All we have now is corporations funding other corporations, there are no banks that care about the community or their clients.
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The smaller banks were not bailed out. Banking became, as did many other corporations, more centralized into fewer large ones. Many small "traditional" small, single owner businesses, like neighborhood corner drug stores, have become scarce or no longer exist. They have been replaced by franchises which are under the umbrella of large, centralized corporations. The regulatory state promotes corporatism over smaller business entities. The big business/big government complex grows.