Re:U.S. Secretly Halted JPMorgan’s Growth for Years
by Jackmc1047 on Wednesday October 31, 2018 @06:58AM
(#18344663)
In a competitive market government should treat everyone equally by the same rules. Big banks do not exist in a competitive market as they are heavily shielded from competition, protected from failure, and massively subsidized by the government. As such they should be required to adhere to far more stringent rules.
I do agree that those rules should be transparent and not "unwritten" though.
A regulator should not pick and choose who to punish, in secret, and for unwritten rules. That's ridiculous, and this kind of secrecy and ambiguity is not an example of good governance, fair treatment, or competitive markets.
In a competitive market where government treat everyone equally (no picking winners and losers) everyone abides by the same rules, transparently. That's not what happened.
In fact, when government decides to meddle in markets in secret and without any written rule or law, this raises fear of exactly that. Probably in this case, the end result seems to be not unjust, but the method is horrible, and I have no idea why they did it this way.
And yes, this kind of market meddling, or "picking winners or losere," is a type of market meddling, not unlike what I linked to.
I would suggest going back over the article to see where your confusion started, and also the posts here, and my other response to you.