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Break Up Big Banks: Conservative Dallas Fed President -- TYT

submitted by Boise_Lib

1 decade 2 years 3 months ago

YouTube Description:

Via The Raw Story: "In its annual report for 2011, issued on Wednesday, the Federal Reserve Bank of Dallas released a startling report revealing that 52 percent of all the assets held by the entire banking industry have now become aggregated into the hands of just five companies, and the top 10 institutions have swollen so large that they possess wealth that equates to roughly half of America's annual gross domestic product (GDP). It is for those reasons that Dallas Fed president Richard Fisher, who's otherwise known as a conservative budget hawk, has embraced the radical cause of breaking up the nation's largest banks and forever ending "too big to fail"...". The Young Turks host Cenk Uygur breaks it down.

http://www.rawstory.com/rs/2012/03/21/dallas-fed-top-five-u-s-banks-hold-over-half-of-industrys-assets/..