You will do your banking, buy mutual funds, buy insurance. We haven t seen a lot of numbers that would prove it s going to be good for consumers. Ultimately, however, he thinks it will make life easier for a person, because they can do more transactions at one place, rather than go to four different places. He also thinks that, because of start-up expenses, insurance companies crossing boundaries and offering financial services traditionally offered in other venues will lose money in the short run, but in the long run the move will probably be profitable. In the long run, it will probably will create more competition.
Competition creates more opportunity.
Competition is the life blood of the economic system in this country.