I was not familiar with Old Glory Bank either, but it turned out to be a nice surprise during the Senate hearing. It made my day when the CEO said, "Instead of sitting around complaining about what the Big Banks were doing, we created Old Glory Bank to be a market response." It's unfortunate how many people are instead calling for the government (state and federal) to step in.
I completely agree with this take, Nick. I am bewildered by how many formerly market-oriented people see something they don’t like and immediately insist on legislation rather than competition.
I was not familiar with Old Glory Bank either, but it turned out to be a nice surprise during the Senate hearing. It made my day when the CEO said, "Instead of sitting around complaining about what the Big Banks were doing, we created Old Glory Bank to be a market response." It's unfortunate how many people are instead calling for the government (state and federal) to step in.
I completely agree with this take, Nick. I am bewildered by how many formerly market-oriented people see something they don’t like and immediately insist on legislation rather than competition.