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View Diary: Too Big to Jail? (158 comments)

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  •  My comment referred to Sen. Sanders' point (10+ / 0-)

    that banks have increased in size since 2008—not banking in America since the '80s. In this brief five-year period the theft of TARP funds and other public monies, intended to help families underwater or small businesses seeking loans, has propelled them to even bigger TBTF status.

    stay together / learn the flowers / go light - Gary Snyder

    by Mother Mags on Wed Apr 03, 2013 at 10:11:27 AM PDT

    [ Parent ]

    •  True, but the begging... (3+ / 0-)
      Recommended by:
      Mother Mags, Simplify, divineorder

      ...still continues.

      All those banks that failed in 2008 and 2009 were merged into bigger banks.

      BofA even tried to avoid taking Merrill Lynch and were strong-armed by the government into going thru with the merger.

      If a bank fails tomorrow, don't you think the first thing the FDIC will do will be to find a merger partner? They will do anything to avoid paying out government cash to depositors.

      I'm not saying this is the wrong thing to do, I'm just saying that "The System We Have Now" favors mergers and size. This favoritism runs through the whole regulatory and market scheme.

      It will be a long time to dismantle.

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