Do you ever wonder why all the banks suck so much? Why their fees are so high, customer service so awful, and managed incompetently? Why their top executives are able to line their pockets with millions of your dollars while they make bad decisions?
Competition is severely restricted. It is almost impossible to start a bank in America because of the epic amount of regulations preventing new banks. So now we have just a few banks that are “too big to fail”. Remove obstacles from entrepreneurs and allow competition in banking and we will have a far healthier country.