If Washington lets Wall St. banks take over CA investment banking, they
will control the ups and downs of CA and a lot of the well-being of the
Democratic Party. The octopus will have its tentacles into too many
parts of the U.S. economy and politicians will be trapped. Already most
investment goes to a small part of the country and it divides America
into "fly over country" and power centers. We need greater diversity in
America and a fuller coverage of the map for investment and ideas.
Diversify is a word used to divide the interests and sources of debt or
incomes. It reduces your overall risks. Letting Wall St. banks take over
too much of the US economy would be the worst outcome of the SVB collapse.
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