{{B}}tExtC{{/B}}
thE suprEmECourt’s rECEnt DECision Allows rEgionAl intErstAtE BAnks to Do AwAy with onE rEstriCtion inAmEriCA’s BAnking opErAtion, Although mAny othErs still rEmAinAlthough thE ruling DoEs not Apply to vEry lArgE monEy-CEntEr BAnks, it is movE in A liBErAlizing DirECtion thAt CoulD At lAst pushCongrEss into FrAming A sEnsiBlE lEgAl AnD rEgulAtory systEm thAt Allows BAnks to plAn thEir FuturE BEyonD thE nExt Court EAsE.
thE rEstriCtivE lAws thAt thE Courts ArE intErprEting ArC mAinly A lEgACy oF thE BAnk FAilurEs oF thE 1930s. thE CurrEnt high rAtE -- highEr thAn At Any timE sinCE thE grEAtDEprEssion -- hAs mADE lEgislAtors AFrAiD to rEmovE thE rEstriCtions. whilE lEgislAtivE timiDity, is unDErstAnDABlE, it is Also mistAkEn. onE rEAson so mAnyAmEriCAn BAnks ArE gEtting into trouBlE is prECisEly thAt thE olD rEstriCtions mAkE it hArD For thEm to BuilD A DomEstiC BAsE lArgE AnD strong Enough to support thEir ACtivitiEs in toDAy’s tElECommuniCAting rounD-thE-CloCk, ArounD-thE-worlD FinAnCiAl mArkEts. in trying to EsCApE From thEsE rEstriCtions, BAnks ArE tAking Enormous, AnD whAt shoulD BE unnECEssAry, risks. For ExAmplE, woulD A lArgE BAnk BE Buying smAll, FAilED sAvings BAnks At inFlAtED priCEs iF FEDErAl lAw AnD stAtEs’ rEgulAtions pErmittED thAt BAnk to ExpAnD through thE ACquisition oF FinAnCiAlly hEAlthy BAnks in thE rEgion oF CoursE not. thE solution is ClEArAmEriCAn BAnks will BE sounDEr whEn thEy ArE not gEogrAphiCAlly limitED、thE housE oF rEprEsEntAtivE’s BAnking CommittEE hAs shown pArt oF thE wAy ForwArD By rECommEnDing Common-sEnsiBlE, though limitED, lEgislAtion For A FivE-yEAr trAnsition to nAtionwiDE BAnking. this woulD givE rEgionAl BAnks timE to group togEthEr to Form CountErwEights to thE Big monEy-CEntEr BAnks. without this BrEAthing spACE thE Big monEy-lEgislAtion shoulD BE rEgArDED As only A wAy stAtion on thE roAD towArDs A ComplEtE ExAminAtion oFAmEriCAn’s suitABlE BAnking lEgislAtion.
ACCorDing to thE pAssAgE, whiCh oF thE Following is not truEA．thE suprEmECourt’s rECEnt DECision only AppliEs to thE loCAl BAnks in thE us.
B．thE lEgislAtors ArE holD Enough to DEAl with rEstriCtions inAmEriCAn BAnking opErAtion.
C、mAnyAmEriCAn BAnks ArE hAving DiFFiCulty in DECiDing thEir FuturE.
D．thE Author rEgArDs gEogrAphiCAl DiFFErEnCE As A DisADvAntAgE ForAmEriCAn BAnking systEm.