Forum Post: 10 megabanks now have more assets than all 13,631 other US lenders combined, further solidifying TBTF
Posted 2 years ago on Jan. 3, 2013, 5:26 p.m. EST by toobighasfailed
This content is user submitted and not an official statement
See data, chart, and sources here: http://www.switchyourbank.org/10_megabanks_assets
The biggest worry is that these megabanks continue to gain political power, which allows them to influence legislation to their advantage. What can we do to stop this? I've been working to build graphics like the one in the link, but I sometimes wonder if I could do more.
Also, see the Atlantic cover story released yesterday: "What's Inside America's Banks?" If you want to understand in 15 minutes why the megabanks pose such an enormous danger to the future of the global economy, this article is essential reading.