Is there any room for entrepreneurship in post-Dodd–Frank financial world?
Here's an eye-raising fact: only 3 new U.S. banks opened since 2010. If one asks the question of "why?" the first and simplest explanation will invariably be "government regulation".
Source for that fact and more in-depth analysis: http://money.cnn.com/2015/07/29/investing/dodd-fr…
In a world where Silicon Valley is enviably booming, despite it being widely-known that starting a business is the path to the greatest potential wealth, entrepreneurship in the USA seems to be stagnating--especially in the financial sector.
More food for thought on this subject: https://fivethirtyeight.com/features/the-next-ama…
What are your thoughts on this? Is it possible to become the next Ray Dalio, much less John Pierpont Morgan?
