Sunday, July 21, 2019

Too big to fail

As we approach the tenth anniversary of Dodd/Frank, the legislation that was designed to prevent another bank melt down as occurred in 2008, the big banks are bigger. Too big to fail is now bigger than before. Many new regulations were introduced and more often than not they adversely affected small banks placing more burdens on them. Chase and JP Morgan joined forces in 2000 with a combined worth of $600 billion. As of June 2019 Morgan was worth $2.74 trillion.

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