From The Reformed Broker:
Noted conservative columnist George Will tackled the Too Big To Fail Forever meme in this Washington Post
this week. I confess to having lost interest in the topic and in the latest stats. The war is over, we lost, they won. We'll pay our penalty the next time they blow and burst a superbubble in financial assets directly over our heads.
But just for the hell of it, here's how systemically risky the systemically risky banks have become, post-crisis:
In 2011, the four biggest U.S. banks (JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo) had 40 percent of all federally insured deposits...
Read full article...
More on the banks:
Why the White House refuses to punish the big banks for fraud
Must-see video: Iceland's president "schools" the media on the financial crisis
Forget "confiscation"... Your retirement accounts face two other serious risks right now