New Orleans The rise of interstate banking since 1980 has led to countless consolidations as major money center banks have reduced headquarters locations and branches where customers can easily do financial business. The Wall Street Journal reported that 1700 branches closed in a one-year period highlighting a trend after acceleration up to 2009 when …
Tag: banking
Banks, Too Big to Fail, but Too Small to Regulate, Huh?
Biloxi Once upon a time in America, and much of the world, there was a reliable way to identify a populist. The litmus test was their view of banks. If they saw them as somewhere between a criminal enterprise and a bunch of blood suckers, then the odds were good that they were populists. If …
Oh, No, Subprime Mortgage Brokers are Coming Back
New Orleans Please, just move the soapbox over here a little closer, because I’m going to jump and shout yet again, and sadly, not for the last time about the little named co-conspirator and enabler of the Great Recession real estate meltdown: mortgage brokers. They are under …