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Why Is ‘Too Big to Fail’ DC – Mega-Targeting Tiny Payday Lenders?
Washington, DC’s business model?
Take big money from Big Businesses. Then use Big Government – to do Big Biz’s bidding.
America’s Big Banks – are HUGE.
Behold some Market Caps….
JPMorgan Chase: $550.0 billion
Bank of America: $281.5 billion
Wells Fargo: $205.7 billion
Morgan Stanley: $144.5 billion
Goldman Sachs: $125.3 billion
Citigroup: $110.1 billion
That’s six banks – with a total Market Cap of $1.42 TRILLION.
Which is remarkable. Because we were told DC in 2010 fixed “Too Big to Fail” – and we would no longer have banks this big.
Instead, the Big Banks have only gotten bigger and bigger. Almost as if that was a feature of Dodd-Frank – not a bug. (more…)
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