Post Tagged with: "too big too fail"

July 18, 2011 05:42

Too Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets

Hopefully the big banks will start lending again. The whole idea behind the bailouts and all of the “quantitative easing” that the Federal Reserve did was to get money into the hands of the big banks so that they would lend it out to ordinary Americans and get the economy rolling again.
Well, a funny thing happened. The big banks just sat on a lot of that money.