Today's Washington Post reports these unnerving facts;
1) J. P. Morgan Chase now holds more than $1 of every $10 on deposit in the entire U.S.
2) The Bank of America also holds more than $1 out of every $10.
3) Wells Fargo also holds more $1 out of every $10 on deposit.
Not only do these three banks control over 30% of ALL deposits in U.S. banks, they also issue 1/2 of all new mortgages and two out of every three credit cards.
Did anybody mention "Too Big To Fail"?????