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Breaking News Home | All | Religion | Society | Tech | Choice | FF | SA News
FRONT PAGE  |  12/8/2016
WEDNESDAY, APR 4, 2012
Dallas Fed President: Break up the Banks, End ‘Too Big to Fail’
A recent report by the Federal Reserve Board of Dallas accuses the nation’s largest banks of being “a perversion of capitalism” and “a clear and present danger to the U.S. economy.”

The report titled “Choosing the Road to Prosperity Why We Must End Too Big to Fail—Now“ goes on to say the infamous Dodd-Frank bill, which was supposed to “regulate” the financial industry, “may actually perpetuate an already dangerous trend of increasing banking industry concentration.”

JPMorgan, Bank of America, Citigroup, Wells Fargo and U.S. Bancorp, hold 52 percent of all U.S. deposits, according to the report, which makes that whole “too big to fail” problem seems a lot worse now than it did before Dodd-Frank. ...


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www.theblaze.com

Family and Finances - Part 1
  START  
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