Since Dodd-Frank, There Are 29 Percent More Big Banks and 24 Percent Fewer Small Banks

My colleagues Hester Peirce and Robert Greene have put together a series of charts showing the recent concentration of the U.S. banking system — small banks are disappearing and large banks are growing in number. Here is one of their charts that shows the changes:

Too Big too fail is hardly over

Oh now what was it ?

'The Era of too big to fail is over' !

Hmmm.

Since the creation of Frank Dodd that was 'suppose to fix' Wall Street.

Bankers are making out even better!

Frank Dodd:

The Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111–203, H.R. 4173; commonly referred to as Dodd-Frank) was signed into federal law by President Barack Obama on July 21, 2010 at the Ronald Reagan Building in Washington, DC.[1] Passed as a response to the late-2000s recession, it brought the most significant changes to financial regulation in the United States since the regulatory reform that followed the Great Depression.[2][3][4] It made changes in the American financial regulatory environment that affect all federal financial regulatory agencies and almost every part of the nation's financial services industry.[5][6]

en.wikipedia.org...

So the current administration, and its cronies solution to the so called 'financial crisis' was MORE regulation!

And that regulation is killing the small business side on the financial industry.

Golf clap Obama for signing that bill that did nothing, but make the 'rich,richer' ! ! ! ! ! !

Yep it did!

And people seriously ?

Frank Dodd was passed when the Democrats held the House,Senate, and the Executive.

The financial crisis of 2007–2010 led to widespread calls for changes in the regulatory system.[10] In June 2009, President Obama introduced a proposal for a "sweeping overhaul of the United States financial regulatory system, a transformation on a scale not seen since the reforms that followed the Great Depression."

What a joke!

They sure do love to hype trash laws don't they ?

For those who are paying attention:

"The era of too big to fail' just got a whole lot bigger thanks to the financial 'reforms' of the current administration.

Regulatory compliance can be a particular challenge for small banks with limited compliance expertise. Regulatory expenses absorb a larger percentage of small banks’ budgets than of their larger counterparts’ budgets. Although correlation is not evidence of causation, as financial regulation has increased since 2000, so has banking concentration. The Dodd-Frank Act, passed in 2010, imposes a new set of regulations that are disproportionately burdensome to small banks. Moreover, by designating the largest financial institutions as “systemically important,” Dodd-Frank creates a market expectation that designated firms are too big to fail and generates funding and other competitive advantages for the largest US banks.

Yes sirrie!

Obama and Frank-Dodd sure came in and 'saved' the day ! ! ! ! !

This prooves the Libertarians and the true free marketers right yet again. It's time to listen to those REAL followers of liberalism and their Austrian economics plans. But that will never happen, seeing as we live under crony capatalism/coporatism. Corporations, and the peson hood that they now ludicrously have, would not exist if it wasn't for the state. Obviosuly none of this is gonna change cos the power elite... the political elite and the special interest connected to the state, won't let it change. And the anti free markets, anit captalist crowd keep propagandizing us that it's capatalisms fault lol
Economic ignorance is the worst... it just keeps letting the elite get away with it generation to generation.

Just to clarify...when I say 'free markets' I know we don't actually have free market capatalism, the greatest idea humanity has ever come up with imo. (Without even slightly or present day regulated capatalism by government we would have half the stuff we have in life, or it would take even longer for it to be produced with out markets, etc) Our leaders are continually lying to us in the west about having "free markets" and then when something goes worng they can conveniently blame "untamed capatalism" and get more regulation, more control and therefore more power for the state, there by helping the governement connected special interests.

As usual, sadly people dont really understand what is being signed and what will happen to them, until SHTF.
Little by little risk eliminated by the rich guys, its their job after all, manage risk.

Sometime, I think I want to sided with the big banksters, they won, winning and will win, again.

If this happen in banking, pretty OK, but does this happen in food and healthcare industries ?
Are we moving to the Zorg Industries like ?