[QUOTE=southparkcpa;4257175]Great in theory...... try getting an LC open on a container from Eurpoe at a small bank. Big banks are absolutely needed.[/QUOTE]
Sorry, I don't buy it. In this day and age, these processes can easily be streamlined and implemented electronically.
The Federal Reserve, World Bank, IMF, WTO, etc have their place. No reason why the BOA's of the world can't realistically be broken up.