Banking For the Rest of Us

Date: 1 Apr 2012 | posted in: Banking, Media Coverage | 0 Facebooktwittergoogle_plusredditpinterestmail

In this cover story for Sojourners Magazine, Stacy Mitchell writes that there is remarkably little evidence to support the idea that bigger banks are superior. They have come to dominate, not because they are more efficient or offer better services, but because they have rigged government policy in their own favor. It’s time for a new set of rules—banking policies for the 99 percent.… Read More

Finally, a Bill to Reinstate Limits on Bank Size

Date: 24 Mar 2010 | posted in: Banking | 0 Facebooktwittergoogle_plusredditpinterestmail

Not one to let a good crisis go to waste, Bank of America managed, in the dark days of 2008, to parlay its own insolvency and near collapse into attaining something it had long dreamed of: federal approval to bypass a national law that says that no bank may acquire another bank if it would end up holding more than 10 percent of the country’s deposits.

Now, at long last, a new Senate proposal calls for reinstating strict size caps.  It would mean disassembling at least five big banks.

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