TAG: Another Hidden Subsidy for TBTF Banks? You Bet

The theory was that smaller banks which do not fall under the comfortable umbrella of “too big to fail” needed insurance to keep from losing important business customers.  The trouble is, the largest banks led by JPMorgan, Wells Fargo and Citigroup were the main beneficiaries.

That would be Rothschild, Buffet, and Rockefeller respectively, three of the richest people in the world.


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