Wednesday, October 26, 2011

Robert Reich: Wall Street Is Still Out of Control -- Obama Should Call for Glass-Steagall and a Breakup of Big Banks

Robert Reich: Wall Street Is Still Out of Control -- Obama Should Call for Glass-Steagall and a Breakup of Big Banks: "In the wake of the bailout, the biggest banks are bigger than ever. Twenty years ago the ten largest banks on the Street held 10 percent of America's total bank assets. Now they hold over 70 percent. And the biggest four have a larger market share than ever -- so large, in fact, they've almost surely been colluding. How else to explain their apparent coordination on charging debit card fees?"

'via Blog this'

No comments:

Post a Comment