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malaise

(267,824 posts)
Sat Mar 19, 2016, 08:52 PM Mar 2016

Concentration of Capital - How 37 Banks became Four in just Two Decades-Astonishing Chart

http://www.exposingtruth.com/37-banks-became-4-just-2-decades-one-astonishing-chart/
<snip>

If you were wondering how banks got “too big to fail,” here’s a good place to start. This chart shows us how, over the last couple of decades, 37 banks have became just 4 mega-banks. These same 4 mega-banks have, thus far, been immune to the consequences of any and all of their terrible decisions that places the entire world economy in jeopardy.

Read more: http://www.exposingtruth.com/37-banks-became-4-just-2-decades-one-astonishing-chart/#ixzz43OrSTL66
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Concentration of Capital - How 37 Banks became Four in just Two Decades-Astonishing Chart (Original Post) malaise Mar 2016 OP
And Clinton supports this move to no competition corporatism. Not caring that rhett o rick Mar 2016 #1
Some of them do wish millions were dead malaise Mar 2016 #2
This started out as a good OP with a graphic that can spur much discussion. Trust Buster Mar 2016 #3
Please note how many of these bank mergers happened during Bill Clinton's presidency when he JDPriestly Mar 2016 #10
We must address this issue.. mountain grammy Mar 2016 #4
Citigroup got to write their own bill, I wonder which one is next? Rex Mar 2016 #5
You realize that this had little to do with our 2007-8 meltdown, right? pnwmom Mar 2016 #6
See my post # 7. JDPriestly Mar 2016 #9
Too much risk and responsibility in the hands of too few. JDPriestly Mar 2016 #7
The deregulating Telecom Act in 1996 enabled 5 consolidated US Media conglomerates now: appalachiablue Mar 2016 #18
Yes. FID YOU SEE THE VIDEO OF THE SEATTLE BERNIE RALLY? JDPriestly Mar 2016 #20
Saw it, wonderful event but nada covered by MSM, just the Obamas in Cuba and HC at AIPAC. appalachiablue Mar 2016 #25
But are they too big to impale? FailureToCommunicate Mar 2016 #8
No bank is to big to fail. Kittycat Mar 2016 #11
HOLY CRAP!!!!!!! a kennedy Mar 2016 #12
+1000 malaise Mar 2016 #13
Nice find malaise! nc4bo Mar 2016 #14
Didn't find it malaise Mar 2016 #15
I just posted to my FB so hopefully others will do what you did and share it. nc4bo Mar 2016 #16
Great idea malaise Mar 2016 #17
Competition baaaad!!!! moondust Mar 2016 #19
They give lip service to capitalism but they practice monopolization. JDPriestly Mar 2016 #21
+1,000 malaise Mar 2016 #23
Competition can result in monopoly The2ndWheel Mar 2016 #24
And then what happened??? malaise Mar 2016 #26
That's competition for ya The2ndWheel Mar 2016 #28
E pluribus unum The2ndWheel Mar 2016 #22
Thanks, Malaise. It's an astounding chart. nt valerief Mar 2016 #27
 

rhett o rick

(55,981 posts)
1. And Clinton supports this move to no competition corporatism. Not caring that
Sat Mar 19, 2016, 09:11 PM
Mar 2016

the lower classes will suffer. The idea of the Wealthy is that it's not their fault if all the resources are greedily stolen by them.

They don't wish the poor to die, they just don't care if they .

 

Trust Buster

(7,299 posts)
3. This started out as a good OP with a graphic that can spur much discussion.
Sat Mar 19, 2016, 10:56 PM
Mar 2016

But, if you want it to be another "attack Hillary" thread, count me out. Too bad, I had thoughts to share.

JDPriestly

(57,936 posts)
10. Please note how many of these bank mergers happened during Bill Clinton's presidency when he
Sat Mar 19, 2016, 11:32 PM
Mar 2016

was in charge of the Treasury Dept. and the regulatory agencies.

mountain grammy

(26,571 posts)
4. We must address this issue..
Sat Mar 19, 2016, 11:07 PM
Mar 2016

Concentration of capital will not be reported because of the concentration of media.

pnwmom

(108,925 posts)
6. You realize that this had little to do with our 2007-8 meltdown, right?
Sat Mar 19, 2016, 11:16 PM
Mar 2016

Breaking up all these commercial banks wouldn't have affected the shadow banking system.

JDPriestly

(57,936 posts)
9. See my post # 7.
Sat Mar 19, 2016, 11:29 PM
Mar 2016

Also, Citigroup had a lot to do with the bailout and the 2008 crisis. At least a couple of these banks owned bad mortgages and foreclosed on customers.

JDPriestly

(57,936 posts)
7. Too much risk and responsibility in the hands of too few.
Sat Mar 19, 2016, 11:28 PM
Mar 2016

That's not what capitalism is supposed to be about.

I realize that it is part of our history, but it limits the opportunities for competition and increases the likelihood of intentional or tacit collusion and corruption in a democracy. We see it everywhere around us.

The trade agreements are a prime example of the problems this concentration of wealth and power creates.

appalachiablue

(41,055 posts)
18. The deregulating Telecom Act in 1996 enabled 5 consolidated US Media conglomerates now:
Sun Mar 20, 2016, 10:29 PM
Mar 2016

Viacom, Disney (ABC), Comcast (NBC), Time Warner (CNN), News Corp/Fox.
Same with three major US AIRLINES. Reagan began ignoring the Sherman Anti-Trust Act & here we are 35 years later.

Kittycat

(10,493 posts)
11. No bank is to big to fail.
Sat Mar 19, 2016, 11:38 PM
Mar 2016

... Or more like for us to be punished for continuing to elect the very officials that openly take handouts from them, and lie to our faces about how they will keep them in line or tell them to 'cut it out'.

malaise

(267,824 posts)
26. And then what happened???
Mon Mar 21, 2016, 11:40 AM
Mar 2016

They gobbled up all the little guys with more than a little help from the politicians they bought

The2ndWheel

(7,947 posts)
28. That's competition for ya
Mon Mar 21, 2016, 12:15 PM
Mar 2016

America was a settlement, then 13 colonies, then spread from coast to coast.

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