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

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.

• Click HERE To See A Larger Image

---

Other stories in this series:

• John Boehner's 1998 Glass-Steagall Flashback

• Bernanke On Bank Bailouts, Repeal Of Glass-Steagall

• Former CEO John Reed Apologizes For Creating Citigroup 'Monster'

• Kyle Bass On How To Fix The Banks - Bring Back Glass-Steagall, Eliminate Off-Balance Sheet Assets, And Cap Leverage At 10X

• 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?