Jun 18 2015

Record number of too big to fail banks: 59 banks in the United States now have over $20 billion in assets. Top 3 US banks hold $6.3 trillion in assets.

Remember when too big to fail was being uttered like “good morning” or some other daily phrase?  Apparently people have forgotten about the dangers of too big to fail and have allowed the banking system to grow like weeds in an unattended garden.  The previous peak of massive big banks was in 2004 when we […]

Jul 31 2012

The engineering of bigger financial bubbles – corporate profits as a percent of GDP at record levels while unemployment is historically high and record number of Americans on transfer payments. Paying interest on excess reserves to banks for our own bailout funds.

The market is perched on the edge of a chair looking out for what the Federal Reserve and European Central Bank have to say.  The almighty Oz is the only game in town.  With the Fed, the expectation is of some sort of additional quantitative easing to prime the economy once again whereas the market […]

Aug 29 2011

The tragedy of the too big to fail banking sector – over $1 trillion in deposits are over the $250,000 FDIC limit. $6.5 trillion in insured deposits backed by $3.9 billion.

It is amazing how much ill placed faith is thrown into the current banking system when there is plenty of evidence of insatiable malfeasance.  The FDIC recently released its quarterly banking report and somehow dismal information was twisted as being positive.  Take for example the reality that $6.5 trillion in insured deposits are backed by […]

Jul 29 2011

No debt ceiling for the Federal Reserve and too big to fail banks – The double standard of American banking and opaque Federal Reserve policy.

While the American public is staring at a government that is more like an improv act in Chicago, the banking system continues to hide toxic assets from the view of the public.  An odd economic dance is taking place.  While the public is being beaten over the head about spending within its limits we have […]

May 7 2010

FDIC backing 8,000 banks with $13 trillion in assets and a negative deposit insurance fund. FDIC survey finds millions of U.S. households are underbanked. Too big to fail banks add branches and grow even bigger.

The FDIC has a big problem on its hand.  Some would say it is a too big to fail problem.  The Federal Deposit Insurance Corporation looks over 8,000+ banks and protects the deposits at these banks.  Yet this seemingly large number is merely a front for where the assets are congregated.  The top 4 banks […]

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