Banks Getting Bigger and Bigger


by Democracy Collaborative on Mar 11, 2014 | Views: 73 | Score: 2
19952014
JPMorgan Assets in Billions3002500
Sources: nytimes.com
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Democracy Collaborative
Democracy Collaborative on Mar 7, 2014 5:20 PM said:

Banks have gotten bigger since the early 1990s. JPMorgan, for example, had assets of around $300 billion in 1995; it now has assets valued at more than $2.5 trillion. Executives like to operate at this size, because it makes them “too big to fail” – as was demonstrated by the large rescue packages they received in 2008 and 2009.