“The number of banks is down to just under 6,900. There were 7,000 a year ago. Banking regulation adds to costs. This wipes out small banks. It subsidizes big banks. Which banks caused the crisis of 2008? Large banks. Which banks got the lion’s share of the bailouts from Congress and the Federal Reserve? The top 6 banks. The crisis made them bigger, more powerful. The bailouts were subsidies for failure. Which banks hold 70% of all bank assets? The top 12 banks. Who loses? Small businesses. They get loans from small banks. Which businesses provide the vast majority of new jobs? Start-up businesses.”
http://teapartyeconomist.com/2013/12/03/small-banks-disappear-loans-small-businesses/
Related posts:
Confronting America the Torturer
Iran: Another U.S. War of Aggression?
Glenn Greenwald: MLK's vehement condemnations of US militarism are more relevant than ever
THIS. IS. HYDRA!
Japan’s False Dawn
Filling the FATCA void
Jacob Hornberger: The Big Obstacle to Peace in Korea
Ron Paul: Will the IRS Take Your Passport?
Lew Rockwell: The Only Choice on November 6th
It's time to destroy the U.S. smallpox reserves [2011]
American Cops Don't Belong in Canada
'Intelligence laundering'
Fast-food worker protests help labor unions, not labor
Growing Warmist Intolerance Threatens Social and Legal Fabric
No, the Military Has Not Withered Away Under Obama