tag:blogger.com,1999:blog-4569871318191484217.post39720831182649951..comments2023-04-15T08:24:08.904-04:00Comments on The Eclectic Curmudgeon: Gotta Give 'em CreditReschzoohttp://www.blogger.com/profile/04554054134794211702noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4569871318191484217.post-42774255621069219632010-02-24T16:36:55.928-05:002010-02-24T16:36:55.928-05:00Right now the only thing in this country that is t...Right now the only thing in this country that is too big to fail is the country itself, at least according to China!Reschzoohttps://www.blogger.com/profile/04554054134794211702noreply@blogger.comtag:blogger.com,1999:blog-4569871318191484217.post-59825912359953872552010-02-24T15:08:46.757-05:002010-02-24T15:08:46.757-05:00Your so right. I used to be a bank examiner (and ...Your so right. I used to be a bank examiner (and you thought I used to work at Squires). In the early 70's, banks were highly regulated. Too big to fail was an impossibility because branching was limited to 5 contiguous counties. Now a bank based in San Francisco can branch all over the country, largely by combining with other banks. Certainly the public isn't served by this consolidation that has taken place in the industry. Only the bankers have benefited. What we are left with is a phenomena known as too big to fail.<br />Years ago on a trip to Vegas they introduced a new form of Blackjack. See the dealers hole card. You find yourself hitting on 18 and 19. Man how can you lose! Well, you do. Like the bankers, the casinos found a work around. In the case of the casinos, they changed the rules that the player loses on the push and blackjack only pays 1:1. That was enough of a workaround to offset the advantage of seeing the hole card. Well, the banks have found their workarounds to offset the impact of the new legislation.Mark Surkshttps://www.blogger.com/profile/16107074033385346183noreply@blogger.com