Do you wonder how banks became “too big to fail”? It’s a phrase that’s kicked around a lot in conversation, but there’s a stark reality behind it. From Mother Jones:
The nation’s 10 largest financial institutions?hold?54 percent of our total financial assets; in 1990, they held 20 percent. In the meantime, the?number of banks? has dropped from more than 12,500 to about 8,000.?Here are the major mergers in one easy to read chart.
h/t Upworthy
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Tiffany Willis is the founder and editor-in-chief of Liberal America. An unapologetic member of the Christian Left, she has spent most of her career actively working with ?the least of these? and disadvantaged and oppressed populations. She’s passionate about their struggles. To stay on top of topics she discusses,?like her?Facebook page,?follow her on Twitter, or?connect with her via LinkedIn. She also has?a?grossly neglected personal blog?and a?literary quotes blog that is a labor of love. Find her somewhere and join the discussion.
