Regarding "turning banks into public utilities", Dodd Frank 2010 already made this happen by creating banks that are "too big to fail" or too important to fail

There is more homogeneity in the banking system today vs 2009 and earlier

The number of new banks has dwindled since 2010 because the compliance costs are too high and regulators have too much discretion w/o clear rules or guidance



It has to be checked at the door. 

I gather he is putting forth the notion _“politicized debanking”_ isn’t really a banking problem it’s a regulator problem. 

Fix the regulatory back channels and target the choke points, then the secret politics will drain out of banking without turning every bank into a public utility. 

For being his second post on substack it has only gotten better. 👌

Trump's EO nullifies Operation Chokepoint 1.0 and 2.0 which were stealth operations
