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Old 03-21-2012, 07:03 PM   #1
classicman
barely disguised asshole, keeper of all that is holy.
 
Join Date: Nov 2007
Posts: 23,401
Too big to Fail?

Dallas Fed president Richard Fisher, who’s otherwise known as a conservative budget hawk,
has embraced the radical cause of breaking up the nation’s largest banks and forever ending “too big to fail.”

Quote:
In its annual report for 2011, issued on Wednesday, the Federal Reserve Bank of Dallas released a startling report revealing that 52 percent of all the assets held by the entire banking industry have now become aggregated into the hands of just five companies, and
the top 10 institutions have swollen so large that they possess wealth
that equates to roughly half of America’s annual gross domestic product
(GDP).
BUST THEM UP!
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