European commission forces 'too big to fail' banks to be broken up.

Yes, it just wonders around in circles all the time and occasionally smacks against the window not realizing it can be opened

 

Ackermann hits at split-up of banks.

Political pressure to cut banks down in size was “totally misguided”, Josef Ackermann, chief executive of Deutsche Bank and chairman of the Institute of International Finance, warned on Monday in a scathing attack on regulatory thinking.

In a passionate defence of big banks, Mr Ackermann said the current push by regulators for banks to organise themselves as a string of subsidiaries was “completely unacceptable”.

“The idea that we could run modern, sophisticated, prosperous economies with a population of mid-sized savings banks is totally misguided,” he said.

http://www.ft.com/cms/s/0/326c2642-c7ec-11de-8ba8-00144feab49a.html

 

says the one who seemingly sits in a barrel without bottom. Can you people sometimes just shut up, go home and take care of your own affairs instead of ALWAYS looking down on others. You had a right to speak up when your country did everything right and was negatively affected by policies or mess ups in Europe. Right now its the other way around.

 

All about monopolies? What does that mean?

If you are referring to the Canadian banking sector, we have six major national banks that are highly regulated. There are also other smaller banks, but I would assume the barriers to entry are quite high. Too big to fail does not exist as far as I know because if one of the these banks happened to fail, it would be fairly effortless for one or more of the other national banks to pick up the pieces.

 

Yes that's what I meant. You have very few choices because the financial sector is so well regulated.

 

Yes, few choices indeed. But, as you've mentioned, just enough competition and regulation to keep the banks from fucking the public, while still being able to churn a profit.

 

Is that the reason you have no choice for brokers too? Finding a Canadian futures broker good luck, count them on 1 hand, and then the commissions. But then why bother CIPF covers Canadians through American brokers.

 

You are exactly correct.