Tuesday, October 11, 2011

Too Big to Fail

Casey Research provides this nifty chart of how the big 4 banks got to be too big to fail. I don't claim to have any great answers to the too big to fail problem other than to split these companies into two parts--- 1) FDIC guaranteed deposits, 2) money that is at risk such as investment banking, credit cards, etc.

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  1. Do you vote with your wallet? Do you do business with any of the Big 4 banks?

  2. I go where the best deals are. This means I do some business with the big 4 as well as a number of the smaller banks and credit unions.