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Why does the US need a single banking system to help organize its financial structure?

  • Economics -

    I don't know that the need for a single banking system has been established.

    Certainly a single system allows for uniform rules, and for anally inclined that means "organization".

  • Economics -

    One could certainly argue that monetary policy becomes much more effective under a single banking system compared to system with multiple banks whom are not beholding to anybody but their shareholders.

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