Even if one is outraged by the behavior of some bankers, to call every member of the industry a participant in fraud is a profound injustice.
If small businesses really are struggling to get credit, fewer banking options likely makes that struggle more intense. The Consumer Financial Protection Bureau is counterproductive.
‘The Small Dollar Lending Rule’ would put massive restrictions on the short-term, high-risk loan industry—an industry that millions of Americans rely on.
Politicians want you to believe that simple structural fixes will protect our insecure financial system. That’s just not true.
Young people are taking out increasingly large loans for education that has increasingly fewer returns.
Unelected federal officials have bullied banks into cutting off businesses they don’t like, such as arms and ammunition suppliers. It’s called Operation Choke Point.
Slate blogger and certified financial non-expert Matthew Yglesias says America has too many banks. If anything, America has too many ignorant liberal bloggers.
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