Quote:
Originally Posted by Rand
Yes and no.
Not if you get caught up with a processor that let's your ratios get out of control.
Then you could lose your ability to process anywhere. Meaning, if a bank shuts shuts
you down because your CB or credit ratios are too high, you're not going to be
able to move somewhere else afterward (at least not without some difficulty.. if at all).
(And no, I'm not talking about any specific company here. Don't try to read into it.)
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Could you please point out when more competition isn't better? To say otherwise is rewriting the entire history of economics.
You could use the example of an inefficient or dubious company for any good produced or service provided in the world and it would make sense that you shouldn't do business with them. The market weeds those sorts out sooner or later and it's ultimately a good thing in the long run.
When the competition is legitimate it is INVARIABLY a good thing for the customers and the market. It spurs innovation, lower prices, higher service and more competition.
Monopolies and duopolies are anathema to a free market. Having all one's eggs in one, or even two or three, baskets is risky. Even if they do things right and by the book it doesn't guarantee against catastrophe.
To wit: TOO BIG TO FAIL.