Weird: Only 3 new U.S. banks opened since 2010

cnn money ^ | 7-29-2015

[Dr. Thorne]

It’s the way it works. Asshat politicians pound the table and say they are going after BIG( fill in the blank) and pass a bunch of regulations insuring only the BIG( fill in the blank)s can survive.

Bingo! We have a winner.

Financial disasters are often manufactured so that large financial groups can vacuum up smaller firms, and so "protective legislation" can be passed that make it near impossible to start a small financial firm.

[wally_bert]

I did some contract IT work for bank of amigo through an outfit that worse than BOA which is saying something. But that is was all there was at the time.

I detest and hate banks. I will never work for one ever. They are on par with electronics recycling and resale people who I hold in greatest contempt.

[ConstantSkeptic]

When corn prices drop, farmers shift to soybeans.

When oil and gas prices drop, investors sell their oil and gas stocks and put that money into a growing sector.

Interest rates are at record lows. Why are people so surprised that businessmen are not opening new banks???

[CPT Clay]

Dodd Frank killed small banks