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How Banks Became Too Big to Fail

Since deregulation in the 1980s and 1990s, diversity in the financial services industry as it has gradually become monopolised. From Mother Jones: The nation’s 10 largest financial institutions hold 54 percent of our total financial assets; in 1990, they held 20 percent. In the meantime, the number of banks has dropped from more than 12,500 to about […]