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View Full Version : Official List of 'Too Big to Fail' Protected Banks




bobbyw24
11-21-2011, 05:53 AM
Our 29 Banking Overlords
Do you do business with any of them?

Bob Wenzel.

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.
http://videolinkers.net/wp-content/uploads/2011/05/Too-Big-to-Fail.jpg

The initial list of G-SIFIS:

United States:

Bank of America
Bank of New York Mellon
Citigroup
Goldman Sachs
JP Morgan
Morgan Stanley
State Street
Wells Fargo

According to 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.

Bottom line: 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.

http://lewrockwell.com/wenzel/wenzel146.html