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Banks 'Too Big to Fail' Have Grown Even Bigger

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NOW EVEN TOO BIGGER TO FAIL
"When the credit crisis struck last year, federal regulators pumped tens of billions of dollars into the nation's leading financial institutions because the banks were so big that officials feared their failure would ruin the entire financial system," the Washington Post reports. Today those banks are even bigger.

J.P. Morgan Chase, an amalgam of some of Wall Street's most storied institutions, now holds more than $1 of every $10 on deposit in this country. So does Bank of America, and Wells Fargo. Those three plus Citigroup now issue one of every two mortgages and tow of every three credit cards in the U.S. 
SOURCE:   Washington Post

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