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J.T
07-18-2011, 11:25 AM
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. Back in 2002, the top 10 banks controlled 55 percent (http://www.bloomberg.com/news/2011-07-17/banking-run-amok-is-less-likely-a-year-after-dodd-frank-view.html) of all U.S. banking assets. Today, the top 10 banks control 77 percent (http://www.bloomberg.com/news/2011-07-17/banking-run-amok-is-less-likely-a-year-after-dodd-frank-view.html) of all U.S. banking assets.
:clap:

more (http://www.infowars.com/too-big-to-fail-10-banks-own-77-percent-of-all-u-s-banking-assets/)

fj1200
07-18-2011, 11:34 AM
What would you have them do?

Dilloduck
07-18-2011, 11:36 AM
And who told Congress these banks and investment firms were too big to fail ?
The same Bernancke that is now willing to lend the US some MORE money WITH interest of course ?

J.T
07-18-2011, 11:56 AM
http://thinkprogress.org/economy/2011/07/18/271513/29-companies-more-cash-than-treasury/

Dilloduck
07-18-2011, 12:00 PM
There's a scam alright-- exactly who is lying to us?

fj1200
07-18-2011, 01:23 PM
http://thinkprogress.org/economy/2011/07/18/271513/29-companies-more-cash-than-treasury/

Oh no! :rolleyes: