Banking is not really a competitive industry. In reality, it’s more like an oligopoly — a scenario in which an industry is controlled by a small number of firms . . . Because they aren’t really a competitive industry, they can get away with huge cost v. returns gaps . . . We’re all familiar with the term “Too Big To Fail,” which sums up what happens nowadays to the biggest banks even when they commit fraud against consumers, poison them with toxic products, grossly neglect their duties to shareholders, and blow up the economy. They are rescued with public money . . . The alternative is to find a credit union or small bank, if for no other reason than to give your support to local businesses and to invest in Main Street. Read more . . .