“Put all your eggs in one basket, and then watch that basket.”
Kurt Eckhardt

As such, I’m not sure that we need a zillion small banks.

Well, more banks spreads risk.

That said, banking/lending aren’t the arenas of future systemic risk. The Big Can of Worms is indeed property insurers in areas prone to hurricanes and earthquakes.

Well, that’s so. The Superstorm Sandy mess was a big taxpayer bailout all of its own.

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