Mega-Banks

Financial Reform Law Institutionalizes ‘Too Big To Fail’

We talked about the stupidity of the financial reform bill before they passed that 2,000 page monstrosity that includes the Office of Financial Research to track every single financial transaction in the country, but now the rest of the country might just find out how bad the Dodd-Frank law actually is. Bloomberg has put out a report (see video link below) showing that the 'too big to fail' banks actually grew into mega-banks during the financial crisis through the gobbling up of rivals. This is not big news but these facts might be: The US banking sector has grown 7…
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