Too many banks in Germany?

Moody investor service warns of weakening of Germany’s banks. According to an article in the New York Times (October 19), Moody believes Germany has too many banks. They are quoted as saying “Intense competition and low interest rates are causing margin pressure that will likely further erode already-weak bank revenue and profits.”

I wonder why Germany’s economy is the strongest in Europe. I thought competition was good in Free Market Capitalism. Perhaps Germany should follow the lead of the USA. The heck with competition, let the banks get so big they become “too big to fail.” It may not be good for the economy, but it is good for the banks in the USA Crony Capitalism. What’s good for the mega-bank corporations is good for profit making. What about the working people?


Letters to the editor

Chuitna mine threatens Alaska way of life

Read more

Surprising results to fill the assembly seat

When I first walked in the room I was immediately intimidated. I thought there had to be a mistake. I walked into the Clerk’s Office to confirm... Read more

Hacking not tolerated, neither is unethical behavior

Let me see if I understand: Russia hacks the DNC and discovers acts they deem to be unethical by American standards. This information is then... Read more

Looking forward to a better 2017

Happy New Year to all!

The evening after Christmas Day, 2016 and while contemplating possible discussion topics for our next “What the... Read more