Earlier quoted context omitted.
No. Absolutely hard disagree. To give you an example of this working well: In some countries(UK) regulators recognized that you cannot operate in the society without a bank account. So a rule was made that a bank cannot close down your bank account without a court order. They can block your access to nearly all other services, block all of your cards, but at the end of the day, you cannot lose access to your basic ba…
> you cannot lose access to your basic bank account and money in that account unless a judge says otherwise. "Losing access to the money in that account" is blatantly stealing from you. It's should be obvious that no company should be able to do this under any circumstances, but that is a separate issue from the question of adequate competition. You still need competition because a monopoly can find an unlimited numb…
How exactly is a bank uncompetitive with this regulation?