Ed

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.

I think it would be pro-competitive for the industry.

The problem is the more I read about it and the more bankers I talk to, integrating a bank merger is a nightmare.

Why?

Why is it a nightmare as opposed to anything else?