The Too Big Are Now Even Bigger

Date: 17 Dec 2009 | posted in: Banking | 0 Facebooktwitterredditmail

Among the many charts in the Congressional Oversight Panel’s latest report, Taking Stock: What Has the Troubled Asset Relief Program Achieved?, this is  probably the most arresting and important.  The Too Big to Fail are now even bigger, with the top four banks gaining almost as much market share over the past year as they did in the previous decade.

 

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Stacy Mitchell

Stacy Mitchell is co-director of the Institute for Local Self-Reliance, and directs its Independent Business Initiative, which partners with a wide range of allies to implement policies that counter concentrated power and strengthen local economies.