Tuesday, September 15, 2009
The Big Banks Have Gotten Bigger
In a post called "Break Up the Big Banks", Rolfe Winkler provides a nice graphic showing that the too big to fails have gotten bigger:
The big have gotten even bigger since the start of the financial crisis. At the end of 2007, the Big Four banks — Citigroup, JPMorgan Chase, Bank of America and Wells Fargo — held 32 percent of all deposits in FDIC-insured institutions. As of June 30th, it was 39 percent.
In total, they had $3.8 trillion worth of deposits as of June 30th. Compare that figure to the FDIC’s Deposit Insurance Fund, which showed a balance of just $10.4. billion on the same date.
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Posts
Is there any possibility for theses major banks to grow (or grew) with the foreclosure crisis? I mean, by getting back the homes and selling them?
ReplyDeleteAh yes... Mission accomplished, again.
ReplyDeleteThe American people are immensely poorer, by a factor of ten perhaps, -but the big American banks still hold their empirical supremacy over the world's terror-stricken stage.
Stop saying economics is a fraud, if'n you don't know what the fuck you're talking about.
Long live the American Agenda! We're number one! We're number one!
Yes! MISSION ACCOMPLISHED!
ReplyDeleteBen Bernanke, Tim Geithner, Hank Paulson and What's-her-name Mzzz Shiela Bair all ought to get to march in a parade down Main Street USA -Cleveland, Detroit, L.A. and Miami... so they can wave to the cheering crowds celebrating our victory over The Second Great Depression!
POP GOES THE WEASEL (One version)
All around the mulberry bush
The monkey chased the weasel;
The monkey thought 'twas all in fun,
Pop! goes the weasel.
A penny for a spool of thread,
A penny for a needle—
That's the way the money goes,
Pop! goes the weasel.
Jimmy's got the whooping cough
And Timmy's got the measles
That's the way the story goes
Pop! goes the weasel.
All around the vinegar jug
The monkey chased the weasel;
The monkey pulled the stopper out,
Pop! goes the weasel.
I've got no time to wait aside,
No time to sit and bide my time,
I'm off for now. Hello, Goodbye!
Pop! goes the weasel.
All around the vinegar jug
The monkey chased the weasel;
The monkey pulled the stopper out,
Pop! goes the weasel.
I've got no time to wait aside,
No time to sit and bide my time,
I'm off for now. Hello, Goodbye!
Pop! goes the weasel.