Sunday, December 13, 2009

The Big Banks Get Bigger

The market share for big banks is growing.

The elite banks, propped up by bailout money, have been capturing new deposits as they swallow up smaller banks. Despite what may be said about the finance reform package that was just passed by the House, it will mean more of the same. It is the big banks that have the lobbyists and play footsie with Geithner, Bernanke and the President. The House bill is some 1300 pages, that means huge lobbyist influence.