List of 'Too Big To Fail' Protected Banks
by Robert Wenzel: Bernanke
Launches an Old Testament Diss Against Ron Paul
Here they are.
The Financial Stability Board has released a list of 29 banks that
it considers global systemically important financial institutions
(G-SIFISs) and thus considered Too Big To Fail.
list of G-SIFIS:
Bank of China
Banque Populaire, BNP Paribas, Crédit Agricole, Société
Commerzbank, Deutsche Bank
Mitsubishi, Mizuho, Sumitomo Mitsui
Credit Suisse, UBS
- UK: Barclays,
HSBC, Lloyds, Royal Bank of Scotland
- US: Bank
of America, Bank of New York Mellon, Citigroup, Goldman Sachs,
JP Morgan, Morgan Stanley, State Street, Wells Fargo
the FSB, Systemically Important Financial Institutions are firms
whose disorderly failure, because of their size, complexity and
systemic interconnectedness, would cause significant disruption
to the wider financial system and economic activity.
These are the banks through which the banksters operate. Of note,
apologist for TBTF bailouts, Warren Buffett holds major positions
in at least three of these banks, Bank of America, Bank of New York
Mellon and Wells Fargo.
with permission from Economic
Economic Policy Journal
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