Difference between revisions of "2011/07/19/1347/link"

Revision as of 18:02, 19 July 2011

link: http://theeconomiccollapseblog.com/archives/too-big-to-fail-10-banks-own-77-percent-of-all-u-s-banking-assets
title: Too Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets
date: "[when posted" contains a listed "#" character as part of the property label and has therefore been classified as invalid.
source: The Economic Collapse
summary: 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.
topics: too big to fail 2008 financial meltdown 2008 economic recession economic disparity

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?