Inspired by one of Adam’s posts, I’ve decided to repost one of my blogs from cheapseatsecon.com:


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Despite the power of big banks, small institutions still dominate huge swaths of the country and hold nearly half of bank deposits overall.

The original had a stab at Arianna Huffington, who was making a really bad argument at the time (and probably still holds the same view), but I’ll omit it from here.

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