Saturday, November 19, 2011

Official List of 'Too Big to Fail' Protected Banks

Here they are. The Financial Stability Board has released a list of 29 banks that it considers global systemically important financial institutions (G-SIFISs) and thus considered Too Big To Fail.

The initial list of G-SIFIS:

Belgium: Dexia

China: Bank of China

France: Banque Populaire, BNP Paribas, Crédit Agricole, Société Générale

Germany: Commerzbank, Deutsche Bank

Italy: Unicredit

Japan: Mitsubishi, Mizuho, Sumitomo Mitsui

Netherlands: ING

Spain: Santander

Sweden: Nordea

Switzerland: Credit Suisse, UBS

UK: Barclays, HSBC, Lloyds, Royal Bank of Scotland

US: Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JP Morgan, Morgan Stanley, State Street, Wells Fargo
According to the FSB, Systemically Important Financial Institutions are firms whose disorderly failure, because of their size, complexity and systemic interconnectedness, would cause significant disruption to the wider financial system and economic activity.

Bottom line: These are the banks through which the banksters operate. Of note, apologist for TBTF bailouts, Warren Buffett holds major positions in at least three of these banks, Bank of America, Bank of New York Mellon and Wells Fargo.


  1. "would cause significant disruption to the wider financial system and economic activity".

    Would disrupt the ability for the banksters and their puppets to continue to distort the markets in their favor and significantly inhibit their abilities to continue to perpetrate fraud, theft and corruption on those whom are not part of their club and don't share their smug sense of morality.

  2. "but Larry, (speaking in voice of elected official), who would contribute to my election fund, give my wife's trust investment advice, and me direction on important issues of the day?"

  3. Makes me wonder what names were on the list of American "systemically important financial institutions" that were too big to fail in December of 1913 and how they've fared since.

    Let's see now, there were the National City Bank of New York, J.P. Morgan Company,...

  4. Don't just consider these entities/people too big to fail...consider them Your Owners. Anyone who steals from you in order to survive is Your Owner and you have every right to defend yourself including ending their physical life.

  5. Too big NOT to fail:

    The EU
    and the US

  6. Alright OWS, shut them down if you have the guts; otherwise, shut up.

  7. Do these banks have living wills so that if they in fact fail, it will be orderly rather than them being saved again?

    That's what OWS should be protesting (TBTF, CDS, privatizing gains, socializing losses)!

  8. Common sense tells us any bozo would use money from any of these banks and bet big on extreme high reward (read: high risk) investments (read: subprime, junk bonds) to get their humongous bonuses. If bet goes bad you hold the bag, and they skip to another job at their buddy’s