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.
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.