ValyrianJedi t1_jc053iv wrote on March 13, 2023 at 1:40 AM

Reply to comment by SUMBWEDY in [OC] Bank Failures by US State since 2000 by pm_me_jupiter_photos

I'm going to go out on a limb and say that 4 people with a combined century running financial institutions are able to judge the market. The entire reason they wanted to open one was because they thought there was very much a market for it

SUMBWEDY t1_jc0aofd wrote on March 13, 2023 at 2:24 AM

and i'm gonna go out on a limb and say they didn't judge the market correctly. Otherwise there'd be a bank there.

ValyrianJedi t1_jc0gi0t wrote on March 13, 2023 at 3:11 AM

The market there has nothing to do with how many regulations there are and how much red tape you have to go through to get a bank open... But by all means, keep thinking that you understand the market better than someone who own and runs a financial firm with a multibillion dollar portfolio.

SUMBWEDY t1_jc0ki3w wrote on March 13, 2023 at 3:45 AM

But regulations are part of the market and should be taken into account when making business decisions.

I don't understand the situation but I can say there wasn't room in the market for the venture otherwise it would've worked.

ValyrianJedi t1_jc0led4 wrote on March 13, 2023 at 3:53 AM

> I don't understand the situation

The fact that you can start with that then go on to make a statement about the situation is mind blowing. Think thats my cue to stop responding to you.

SUMBWEDY t1_jc0m4u1 wrote on March 13, 2023 at 4:00 AM

How is it mind-blowing, if something doesn't work doesn't take a genius to say it didn't work.