Big Banks Take Huge Stakes In Aluminum, Petroleum and Other Physical Markets … Then Manipulate Their Prices
WashingtonsBlog.com
November 27, 2014
Giant Banks Take Over Real Economy As Well As Financial System … Enabling Manipulation On a Vast Scale
Top economists, financial experts and bankers say that the big banks are too large … and their very size is threatening the economy. They say we need to break up the big banks to stabilize the economy. They say that too much interconnectedness leads to financial instability.
But – as shown below – the big banks are getting bigger and bigger … and getting into ever more interconnected markets.
Indeed, big banks aren’t even really acting like banks anymore. Big banks do very little traditional banking, since most of their business is from financial speculation. For example, we noted in 2010 that less than 10% of Bank of America’s assets come from traditional banking deposits.
The Rest…HERE
