Banks Once "Too Big To Fail" Now Even Bigger After Meltdown

Banks Once "Too Big To Fail" Now Even Bigger After Meltdown

Remember those banks that the federal government bailed out because they were “too big to fail?” Well…after mergers and bank takeovers (some encouraged by the government) those banks bailed out because they were “too big to fail” now are much bigger. JP Morgan Chase and Bank of America combined now control more than 20% of all bank deposits in the United States.