banking: Too big to fail? Or just too big to nail?
- 12/07/11 07:34 AM
The four biggest banks in the country now control 62% of all bank assets in this country, up from 54% five years ago when housing/banking troubles started. According to the Wall Street Journal, JP Morgan/Chase assets have increased from $1.3 trillion to $2.3 trillion Bank of America has grown from $1.4 to $2.2 trillion Citibank has edged up from $1.8 to $1.9 trillion Wells Fargo has gone from $.5 to $1.3 trillion During the same five year period, housing prices have tumbled by 50% or more in some markets and home sales, job growth and consumer confidence continue to stagnate across the (8 comments)