The Evolution Of Our "Too Big To Fail" Banking System

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Adam Taggart's picture
Adam Taggart
Status: Peak Prosperity Co-founder (Online)
Joined: May 26 2009
Posts: 3136
The Evolution Of Our "Too Big To Fail" Banking System

In 1990, the five biggest U.S. banks held less than 10% of industry assets.

By the end of 2017, the top 5 held more than 40% of all deposits.

(Source)

Munson008's picture
Munson008
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Joined: Jan 29 2018
Posts: 2
Seems par for the course

I have seen a similar “bracket” for the airline and airplane manufacturers before. I may have seen one for the big meat producers as well but that was some time ago. I bet there is one for the railroad companies before they were  nationalized (bailed out). I feel it is a function of the growth of our culture and how we organize(d) ourselves. During the beginning of this country there were many markets one could join and even make and so there were many companies serving the needs of the people. We are maturing to the point where our “free” markets are just a small offering of what the cabal wants to provide to their captive audience that can still make them a profit. 

 

I do do believe that voting with your wallet works but I think it requires quite a bit more effort than it may have in the past. 

Barnbuilder's picture
Barnbuilder
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Joined: May 7 2014
Posts: 89
What they want

I've said this before and I'll say it again.  The financial, educational and medical scams have one goal.  That is to reach out and grab every last nickle on the table before the fat lady sings. Simple as that. The seven deadly sins.

Mohammed Mast's picture
Mohammed Mast
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Joined: May 17 2017
Posts: 193
Rockefeller

"Competition is sin" J.D. Rockefeller

It would be very interesting to see a chart of the consolidation of banks from the 1930's.

This has been going on for a long time. 

Mohammed Mast's picture
Mohammed Mast
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Posts: 193
KugsCheese's picture
KugsCheese
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Joined: Jan 2 2010
Posts: 1463
Healthcare Cartel Building Continues

CVS/Aetna and Cigna/ExressScripts, when will it end?   Trumpster hasn't done anything to correct the core issues.  Tax cut and spending increase?  Temporary bump.  

richcabot's picture
richcabot
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Joined: Apr 5 2011
Posts: 216
Fed ownership consolidated as well

When the Fed was formed as a private entity shares were owned by all the significant banks of the time.  If memory serves me there were a few thousand of them, though their ownership shares were not remotely equal.  When new banks are formed they don't get ownership in the Fed, that remains with the original shareholders.  However, as banks which origninally owned shares are absorbed those shares get added to the holdings of the acquiring bank.  I also belive (its been several years since I read up on it) some original banks sold their shares in the Fed to other banks.   Though the original ownershp shares were public information, none of the subsequent ownershp changes are public information.

treebeard's picture
treebeard
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Joined: Apr 18 2010
Posts: 618
Hold on to your seats

Looks like currency collapses in the emerging markets may be the balck swan we have all been looking for.  "They" say there is no chance for contagion, kinda like what "they" said about the subprime mortage issue.

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