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Scoop.it!
The financial crisis of 2007--2008, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists to be the worst ... 
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Scoop.it!
Understanding the Financial Crisis: Origin and Impact - Elizabeth Warren (2008) The financial crisis of 2007--2008, also known as the Global Financial Crisis...
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Brad Huffman Future Finances, Inc. Understanding the Fed September 26, 2012 Securities and investment advisory services offered through Triad Advisors, Inc., ...
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It contains a cozy giveaway to banks written by a Citigroup lobbyist.
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WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) warned in a speech Tuesday that the problem of banks considered "too big to fail" has only gotten worse since the 2008 financial crisis, potentially sowing the seeds of a future crisis.
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"Today, the four biggest banks are 30 percent larger than they were five years ago. And the five largest banks now hold more than half of the total banking assets in the country," Warren said in a keynote address at a conference on the future of financial reform put on by the Roosevelt Institute, a think tank. "Who would have thought five years ago, after we witnessed firsthand the dangers of an overly concentrated financial system, that the 'too big to fail' problem would only have gotten worse?"
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Warren blamed Fannie and Freddie's mistakes -- they have cost taxpayers $187 billion since being taken under government conservatorship in 2008 -- on trying to make increased profits to please shareholders.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
Other Topics
Anders en beter
Met P2P voorbij markt en staat: voor een progressieve coalitie rond de commons. Met nieuws over op p2p gebaseerde praktijken en hoe de overheid, de politiek en de zakenwereld ermee (kunnen) omgaan...
money money money
on money and what it is
music-all
From the Great White Way to the West-End and beyond
Peer2Politics
on peer-to-peer dynamics in politics, the economy and organizations
real utopias
Not TINA (There Is No Alternative) but TAPAS: THERE ARE PLENTY OF ALTERNATIVES
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