Concentration of Power

According to recent financial data from the 3rd quarter of 2010, six banks represent 64% of GDP. These are JPMorgan, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley. In 2006, before the financial crisis, that number was 55%. And fifteen years ago, it was 17%.

  1. digitalparsimony reblogged this from dihard and added:
    Further down the rabbit hole we go.
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  9. sarochka reblogged this from dihard and added:
    good to know.
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