Too many big ones
I'm away from the office at the moment so posting will be a little light, but I do want to pick up an interesting graph from Dick Bove at Rochdale Securities via the Big Picture. It shows the total number of US banks reporting (to the FED? to the OCC?). This is not a helpful trend if you don't want banks to become too big to fail...
Labels: MOAB
posted by David Murphy at 07:34
1 Comments:
OK, I agree with you on the trend, but look at the starting point. How many banks does the US need?
I would doubt that any bank with <1% market share would be too-big-too-fail. So, we can start to worry when bank numbers get down to a few hundred.
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