Every day there are billions in transactions being done in banks around the world. It is where the market place of our world conducts itself. However, there is an underworld that appears to be producing new challenges to the open market. Lawmakers are trying to get more transparency and oversight into how banks are doing things, which has given them an advantage in how to make valuable transactions (i.e. making money by making things happen).
However, I am not convinced that banking oversight will really allow my fellow Americans to get the even playing field. Why? Bankers work with money every day. Americans transact with money, but that’s different. It’s the process where bankers dominate in building value portfolios. That’s why it is important to get transparency by having a banker you can trust. Someone that you know well enough to give you a good deal. It’s not about high level transparency, its about knowing who you are working with. I work with a bank in my home town because I know the guy who runs the bank. He would be there for me if I felt I was getting a raw deal. And he would express his interests in making things happen for me.
So check out this Article from Bloomberg regarding what lawmakers are doing and go see what your local banker thinks: http://www.bloomberg.com/news/2014-03-03/fed-lifts-veil-slowly-on-bank-oversight-in-era-of-transparency.html