Less competition = more power for the big banks
The Motley Fool recently sat down with Theodore Roosevelt Malloch, professor at Yale University and author of The End of Ethics and A Way Back: How To Fix A Fundamentally Broken Global Financial System. In the video below, we discuss competition in the marketplace.
Dr. Malloch notes the ways that the 2008 recession hampered competition and resulted in more powerful banking institutions.
Brendan Byrnes has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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