Professor Elam

Monday Jan 24, 2011

Since the  bail out of banks in 2008,we seem to be going the wrong way, the TBTF Too Big to Fail Banks are getting even bigger. Jesse's Cafe takes a look at how the percent of assets under the control of six major banks has soared since Glass Stegall was repealed. 

Do you know Glass Stegall, perhaps you should look it up, try wikipedia.org!

This concentration of assets in too few hands makes the US even more vulnerable to another downturn.