Re: JP Morgan threatens small depositors

>
> It already has the maximum amount of US retail bank accounts that it’s
> allowed — which means that it can’t increase earnings by becoming so
> attractive that more and more people flock to it. Instead, it would rather
> increase earnings by steadily culling the least profitable parts of its
> customer base, and replacing them with richer and more profitable
> depositors.
>
> [...]
>
> This is pretty evil, and I hope that the government doesn’t stand for it
>
The sounds like an unforeseen side effect of regulating the number of
customers the bank is allowed. Do we really want the government regulating
the free market *more*? What's wrong with a company "culling the least
profitable parts"?

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