The free market for banking services in the United States isn’t a free market at all. The truth is the biggest commercial banks in America operate with virtual impunity as a government-subsidized, government-protected oligopoly. There are ways to exploit relationships with government-owned banks to take advantage.
So, why don’t we drop the pretense that government-owned banks don’t belong in a free market economy and create a network of honest state-owned banks to compete with so-called private banks? We should. In fact, we have an almost 100-year-old U.S. bank as a model to copy.
Yes, regulated banks have access to government support. But perhaps there are ways to exploit relationships with government-owned banks to take advantage of their capital ratios and risk evaluations to optimize your investments to ensure a rich risk/reward ratio