The five biggest banks in the United States are too powerful and should be broken up, Dallas Fed President Richard Fisher said on Wednesday.
The financial crisis has left the five biggest banks even more powerful than before, he said at an event in Mexico City……
“After the crisis, the five largest banks had a higher concentration of deposits than they did before the crisis,” he said. “I am of the belief personally that the power of the five largest banks is too concentrated.”
via Five Largest Banks ‘Should Be Broken Up’: Fed’s Fisher – US Business News – CNBC.
this is very true indeed!! i even feel like the Fed itself has to be broken down, its way too powerful.