Great news! Morgan, CITI, BOA control 1/3 of all US deposits.

[Hannah Bell]

>>The takeover was one more symptom of the extraordinary upheavals in the financial sector and takes the concomitant consolidation of the sector one step further. Citigroup, JP Morgan Chase and Bank of America now control almost one third of all deposits in the United States.<<

http://www.independent.co.uk/news/business/news/citigroup-acquires-retail-bank-arm-of-wachovia-946219.html

[Hannah Bell]

1. how is it these 3 titans have managed to be the last ones standing in this debacle?

they're the original lobbyists for the loosening of glass-steagall. & morgan was the first to use the risky derivatives strategy.

funny how, in every panic & depression, the house of morgan comes out smelling like a rose.

almost like they had special powers.