Jamesb101.com

commentary on Politics and a little bit of everything else

The Big Banks get bigger…………

A sobering piece in the Washington Post points something very disturbing coming out of the countries financial downturn. That is that….the nations big banks have  gotten even bigger and are more likely to have a permeant spot in the ‘too big to fail spot’……..as  result of the White House policy of  not letting anyone of them fail…the middle guys have no such protection….and have been swallowed up….leaving bigger top players…….while the government is watching the big guys…….those banks are now making big profits and are trying to pay big salaries to keep their employees causing headaches for watch dogs and the White House……..the public maybe the ones who get mad…watching these unfold in front of their eyes while they get shut out of opportunities  to work and get  credit……….

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August 28, 2009 - Posted by | Other Things, Politics, The Economy | , , , , , , , ,

3 Comments »

  1. Nice website James! The big banks getting bigger is very troubling. In 1930’s the government broke up JP Morgan with the Glass-Steagall act. JP Morgan was forced to choose be a brokerage or a bank holding company, they picked the former and sold their brokerage and Morgan Stanley was born. We need a return to Glass-Steagall.

    Comment by Illinois Brandon | August 29, 2009 | Reply

    • Thanks…….and the banks seem to always come out on top…no matter what happens to them……

      Comment by jamesb101 | August 29, 2009 | Reply

  2. and I agree they need to go back to being banks……period…..

    Comment by jamesb101 | August 29, 2009 | Reply


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