The buzzword question, “Too big to fail?” is becoming more evident: -the 5 largest U.S. banks held 38% of all deposits at the end of 2011 -up from 29% in 2005, or about 31% growth over this period WANT TO OUTSMART YOUR FRIENDS?GET OUR NEWSLETTERSUBSCRIBE Dennis The Menace says: February 28, 2012 at 5:59 pm The big banks should be scaled down. Their non performing loans sold off in an orderly fashion. If its necessary for the government to set up something like the resolution trust corporation simlar to the savings and loan crisis in the 1980’s so be it. The taxpayer should never ever have to pay for all the mistakes of a few mega banks. Also deposits at major financial banks should be limited to safe types of investments. Glass Segal should never have been repealed. Reply Dennis The Menace says: February 28, 2012 at 5:59 pm The big banks should be scaled down. Their non performing loans sold off in an orderly fashion. If its necessary for the government to set up something like the resolution trust corporation simlar to the savings and loan crisis in the 1980’s so be it. The taxpayer should never ever have to pay for all the mistakes of a few mega banks. Also deposits at major financial banks should be limited to safe types of investments. Glass Segal should never have been repealed. Reply WHAT DID WE MISS? COMMENT BELOW. Cancel reply All comments reviewed before publishing. Save my info for next time I comment. Notify me of follow-up comments by email. Notify me of new posts by email. Δ
