Too Big To Fail: the Consolidation of US Banking 1990-Present

Mother Jones has a diagram that says it all about the so called free market aka massive monopolization in banking. No wonder they were ‘too big to fail’ and we had to bail them out. They need serious breaking apart right now. See http://motherjones.com/politics/2010/01/bank-merger-history

The nation’s 10 largest financial institutions hold 54 percent of our total financial assets; in 1990, they held 20 percent. In the meantime, the number of banks has dropped from more than 12,500 to about 8,000. Some major mergers and acquisitions over the past 20 years

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About creativeconflictwisdom

I spent 32 years in a Fortune Five company working on conflict: organizational, labor relations and senior management. I have consulted in a dozen different business sectors and the US Military. I work with a local environmental non profit. I have written a book on the neuroscience of conflict, and its implications for conflict handling called Creative Conflict Wisdom (forthcoming).
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One Response to Too Big To Fail: the Consolidation of US Banking 1990-Present

  1. Kyrie Eleison says:

    This information would be more upsetting if the chart branched out in reverse. At least that way, there would still be the facade that banking is done fairly in this country and that the “Federal” Reserve Banks actually work for the government and *our* best “interest”.

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