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Old 10-18-2010, 02:40 PM   #1107
Cletus Miller
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Join Date: Apr 2005
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Re: Election 2010: Teabaggin' the Ds & Rs

Quote:
Originally Posted by Tyrone Slothrop View Post
Market definition is always tricky, but I think the banking industry does not look particularly concentrated compared to some others where competition seems to work better. Which suggests that maybe we need better benchmarks for banking.

Where are the mortgage lenders that competed by avoiding the crapulence that has led to all the problems?
Out of the lending business. Couldn't compete on rates.
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