I wonder if the banks would still be keen on pushing all of these political agendas if we stopped collectively bailing them out when they make these billion/trillion dollar gambles and lose? Had Buffet not stepped in at Obama's request and buy $5,000,000,000 of tanking BOA shares, they would be gone already. Anyone think there wasn't insider trading going one here?
https://www.cnbc.com/2017/06/30/warren-buffett-just-made-a-quick-12-billion-on-bank-of-america.html
Would be nice to see more local banking. ATMs aren't going away, so what would be the downside?
I doubt $600,000,000 is anything BOA is concerned about, however it is a shot across the bow, which is a start. May be time for an exocet with them though.