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The average consumer doesn't understand banking well enough to realise they'd receive a better interest/fee/overdraft/etc structure at half a dozen other banks that actively market their more favourable interest/fee/overdraft structure, never mind well enough to understand the bank's exposure to complex toxic assets that couldn't be grasped by professionals paid orders of magnitude more than them specifically to quantify that risk.


Why not just use a bank that doesn't do any outside investing and keeps all the money inside the bank?

Then you don't need any "experts".

(To answer my own question: These types of banks don't exist because FDIC insurance makes them unprofitable)




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