Bank Conglomeration: This is Why We Occupy Wall Street

2 Responses to Bank Conglomeration: This is Why We Occupy Wall Street

1. nabsentia23 | October 5, 2011 at 4:43 pm | Reply

   Back in the day (before deregulation)…if one bank failed, there were other banks to pick up the slack. This diversity of so many financial institutions provided a great deal of stability.

   In today’s financial climate, these “too big to fail banks” are much more unstable. If one of them fails – who else is there to pick up the slack? These banks are so big and so interdependent that if one fails, the others are just as equally affected and the whole system is in jeopardy.

   • That Guy With The Ponytail | October 5, 2011 at 6:58 pm | Reply

     Too big to fail = too big to exist.