Giant Banks Have Larger Share of Assets After Meltdown

by Institute for Local Self- on Sep 18, 2013 | Views: 72 | Score: 0
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Institute for Local Self-
Institute for Local Self- on Sep 18, 2013 2:51 PM said:

They were too big to fail before they destroyed our economy. But in 2007 US giant banks (>$100B in assets) held 49% of bank assets. Now they hold 56%. Their recklessness and greed triggered the Great Recession. Yet there have been no penalties, no effective regulation. They've simply been allowed to grow bigger and more dangerous than ever.