Wednesday, June 29, 2016

When There Is Just One Bank Left, Will It Be Too Big to Fail?

Click to enlarge.

I only ask because if banks stay on the path they've been on for the past 7 years (or longer if you want to count the ongoing trend since 1988), there's only going to be one bank left in about 22 more years.

Mind blowing? Perhaps Bernie Sanders just needed a chart. Nah, Ross Perot already tried charts. Didn't work. Sigh.

Source Data:
St. Louis Fed: Banks


Who Struck John said...

The triumph of Glass-Steagal repeal and the Dodd-Frank Community Bank Destruction Act of 2010.

Stagflationary Mark said...

The Fellowship of the Bank

One bank to rule them all, one bank to find them, one bank to bring them all and in the darkness bind them.

Who Struck John said...

You're either too big to fail or too small to succeed.

Stagflationary Mark said...

That can't be true!

For example, picture the rural mom-and-pop grocery store continuing to thrive once Walmart moves in.

January 25, 2016
The New Way That Walmart Is Ruining America’s Small Towns

Okay, that may be one of the worst examples in a sea of bad examples. Never mind!