2011/07/19/1347/link

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Notes

A significant item touched on in the article:

Since 2008, excess reserves parked at the Fed have grown by nearly 1.7 trillion dollars. Just check out the chart posted below....

If we have $1.7T sitting in the Fed because nobody is using it, remind me again why we have to raise the debt ceiling?


... more about "2011/07/19/1347/link"
Congress was told that if the "too big to Congress was told that if the "too big to fail" banks did not receive bailouts that there would be chaos in the streets and this country would plunge into another Great Depression. Since that time, however, essentially no efforts have been made to decentralize the U.S. banking system. Instead, the "too big to fail" banks just keep getting larger and larger and larger.keep getting larger and larger and larger. +
Too Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets +