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Forum Post: Too Big To Stop Growing: Largest USA Banks Get Bigger

Posted 2 years ago on April 28, 2012, 10:59 a.m. EST by NeoSolomon (14)
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5 Comments

5 Comments


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[-] 2 points by hchc (3297) from Tampa, FL 2 years ago

They are currently building another Chase within 10 blocks of my house. They have already built one other, and opened another in a strip plaza.

The one they built last year looks like a night club. Very insulting. "Crushing Our Homes While Building Your Own" was a campaign I wanted to do a while back, but never got around to it.

[-] 1 points by NeoSolomon (14) 2 years ago

Good name for a campaign :)

[-] 1 points by April (3196) 2 years ago

There is more and more support to break up the TBTF banks. From policy experts, economists and politicians. Most recently the Federal Reserve Bank of Dallas.

TBTF should be dismantled piece by piece and GS reinstated. It will have to be done carefully so as not to cause a shit storm in the economy. After the orderly breakup it will be responsibly possible for indictments of the fraud that caused the crisis. To do so now would be highly irresponsible as the big Wall Street banks control like 70% of the wealth of the country. With at least $200 trillion in derivatives. That is like 3 times the value of the entire world economy.

http://economix.blogs.nytimes.com/2012/05/10/breaking-up-four-big-banks/?src=tp

http://dallasfed.org/assets/documents/fed/annual/2011/ar11.pdf

[-] 1 points by Nevada1 (4480) 2 years ago

The bigger they get, the worse they get.

[-] 1 points by NeoSolomon (14) 2 years ago

Yes, Big Banks have control of political and economic system.