MUST SEE GRAPHIC - How The Too Big To Fail Banks Were Born

Large Bank Mergers Since 1990

This is how the U.S. banking monopoly was created after more than two decades of unbridled bank mergers endorsed, and in some cases, encouraged the by the OCC, the FDIC, the FTC and the elimination of Glass-Steagall.

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Related:

• Glass-Steagall Flashback

• Bernanke On Repeal Of Glass-Steagall

• John Reed Apologizes For Creating Citigroup 'Monster'

• Larry Summers On Paul Volcker & Glass-Steagall

GRAPHIC - How Too Big To Fail Banks Were Born

Comments

[DailyBail]

http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act

Glass-Steagall

[DailyBail]

Census: Housing bust worst since Great Depression

http://hosted.ap.org/dynamic/stories/U/US_CENSUS_HOUSING?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-10-06-18-07-33

[DailyBail]

http://dailybail.com/headlines/kyle-bass-bring-back-glass-steagall-eliminate-off-balance-sh.html

« Kyle Bass: Bring Back Glass-Steagall, Eliminate Off-Balance Sheet Assets, And Cap Leverage At 10X »

[chunga]

Check this out folks....

Bank of America CEO Moynihan to be Named as Defendant in Federal Foreclosure Lawsuit

http://www.foreclosurehamlet.org/profiles/blogs/bank-of-america-ceo-moynihan-to-be-named-as-defendant-in-federal-?xg_source=activity

Holy $hit!

[DailyBail]

Nice one chunga...thanks.

[Cheyenne]

'While it may appear that records for the trades would be clear, regulators say they have been stymied in tracing the money flowing to and from MF Global.'

'"They are circuitous money trails," said Bart Chilton, a commissioner at the Commodity Futures Trading Commission, one of the agencies probing MF Global. "They are not simple linear transactions."'

http://www.reuters.com/article/2012/01/19/us-mfglobal-jpmorgan-idUSTRE80I02520120119

I'm glad Chilton cleared that up. For a minute there, it looked like MF Global's clients just got ripped off. But now I see how truly confusing the whole matter is, what with circuitous money trails and non-linear transactions flying all around the place. My small, literal head is spinning.

Nothing to see here...

[S. Gompers]

Shows a consistent trend of returning the U.S. to a realm of monopoly doesn't it?

[Tanya]

One Bank to rule them all
One Bank to find them
One Bank to bring them in
And in the darkness bind them . . .

Welcome to Mordor. Oh, look. Here we are.

[john]

White House distances itself from Glass-Steagall push

http://thehill.com/policy/finance/248336-white-house-distances-itself-from-glass-steagall-push

The White House wants to keep its distance from a liberal push to re-implement legislation that would break up big banks.

Progressives like Sen. Elizabeth Warren (D-Mass.) are calling for a reimplementation of Glass-Steagall, which would require big banks to divide commercial and investment banking.



"At this point, we believe that the kind of implementation of Wall Street reform is the most effective way to protect our economy and middle-class taxpayers," White House press secretary Josh Earnest told reporters at a press briefing Friday when asked whether President Obama supports it.

Earlier this month, Warren brought back legislation that would re-implement the law.

Democratic presidential front-runner Hillary Clinton hasn't said whether she supports it. Two of Clinton's main 2016 primary challengers — Sen. Bernie Sanders (I-Vt.) and former Maryland Gov. Martin O'Malley — both support the push.

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With Obamacare we are seeing the same merger pattern as banks after the repeal of Glass Steagall…Too big to fail is the key word...




Healthcare mergers and acquisitions in 2015: Running list

http://www.healthcarefinancenews.com/slideshow/healthcare-mergers-and-acquisitions-2015-running-list

Updated: July 16, 2015
When looking to 2015, Tom Baldosaro, CFO at South Jersey Healthcare Regional Medical Center in Vineland, New Jersey, sees it this way: “Big is going to be better. Small is not going to survive."

Time will tell if he's right, but analysts mostly agree that this year will be full of healthcare acquisitions as health systems, information technology companies, software firms, medical practices and service providers seek to find out whether bigger is indeed better in the post-Affordable Care Act world.

To keep tabs on the trends, follow this running list of healthcare M&A activity, which we'll update frequently as new deals are announced. If you have M&A news to share, email henry.powderly@himssmedia.com.


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http://www.latimes.com/business/la-fi-health-insurance-deals-20150617-story.html

[skinflint]

In the recent push to have this mandate more affordable to a now captured audience, Maryland, amongst other states have had large health care firms petition the state to increase the premiums significantly.
http://www.bizjournals.com/washington/news/2015/05/15/heres-the-average-increase-carefirst-is-seeking.html