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originally posted by: rockpaperhammock
once the emps hit there will be no banks anyway...at least the kind we are used to....
When the team further untangled the web of ownership, it found much of it tracked back to a “super-entity” of 147 even more tightly knit companies – all of their ownership was held by other members of the super-entity – that controlled 40 per cent of the total wealth in the network. “In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network,” says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.
originally posted by: JohnnyCanuck
a reply to: switchqm8
A lot of Russian oligarchs bank there...consider it a shot fired across Putin's bow.