American banking system still backing over $13 trillion in assets with a negative deposit insurance fund. 7,760 banks but 19 banks make up 50 percent of the asset base.
The growth of the too big to fail bank is something that is modern to this era. In the 1990s there were fewer than 40 institutions that had total assets above $20 billion.
Dam Breach in Tennessee Releases Tsunami of Toxic Coal Sludge
Solve Climate (23 Dec 2008)
Unemployment in July Rose in 28 States, Fell in 9
Yahoo Finance (19 Aug 11)
Bank of America Plans Big Layoffs to Cut Costs
The New York Times (19 Aug 11)
” War Is Hell—but Not for The Stock Market – Investors should expect a sharp rally if and when U.S.-led hostilities begin—if history is a reliable guide.” ~ Barrons headline on April 21, 2017
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By Charles Abbott
For the first time, more than 34 million Americans received food stamps, which help poor people buy groceries, government figures said on Thursday, a sign of the longest and one …
By Joe Weisenthal
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By MasterCard
In the lead up to the World Economic Forum on East Asia 2014, MasterCard today unveiled “Road to Inclusion”, a new report that profiles the financially excluded and underserved in t…