Jan 22, 2011 12:13 AM GMT
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%.