Like most regulatory regimes, this one ended up working largely for the benefit of the regulatees--restricting competition and making ownership of a bank a more or less guaranteed sinecure.
There are no benefits at all to any regulatees.
mnli hypothesis: There are no benefits at all to any regulatees. premise: Like most regulatory regimes, this one ended up working largely for the benefit of the regulatees--restricting competition and making ownership of a bank a more or less guaranteed sinecure.