Ed

right?

But you hear the war stories about what it was like getting from point A to point B, the culture clash, the people who leave because they're pissed off at everybody, the, the Sturm and Drang, right?

You know, if you, if the thesis is banks are going to fire a third of their people, like, is it going to be fun to be at those banks while that's happening?

And if the people inside the institution are afraid for their lives, do you really want to own it while that is happening?

It'll take some time.

It'll take some time and some pain.

I think it would be pro-competitive.

I think that what you look at, you know, I don't know what, I should actually figure out this number, but what percentage of the profits in the banking industry are made by J.P.

Morgan?

Right.

You know, and then if you put JP Morgan, Bank of America, Wells Fargo, Citigroup, and U.S.

Bank together.

you know, they're just squeezing most of the profits out of the industry and there's your oligopoly.

Right.

Right.

You know what I mean?

And the fact that there is 1970 other banks in America that are squeezing out tiny little drops of profit, uh, doing local banking doesn't mean the industry is really properly competitive.

And from an investor point of view, uh,

The small, you know, the regional banking industry has been a terrible place to invest.

And so I think consolidation of that industry would be good for investors.