Oct 26
I don’t know what Niall Ferguson would say about this article… Click Here To Read Surowiecki’s Latest On Why Banks Stay Big Introduction (Via New Yorker) Before the financial crisis, the banking industry was too concentrated and clubby. And now? It’s even more so. In the midst of the crisis, the country’s four biggest banks—Citigroup, Bank of America, JPMorgan Chase, and Wells Fargo—actually got bigger. Thanks primarily to a series of government-sanctioned mergers, they now control a
