Here’s Why You Should Join Us

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Wall Street was deemed “too big to fail” in 2008—and now it’s even bigger.

Too Big To Fail, Bigger (2013)



In fact, by international accounting standards, the three biggest US banks—Chase, Bank of America, and Citi—are the biggest in the world.

brown vitter chart big banks



This means that many of the risks Wall Street imposed on the world leading up to the financial crisis are still present.

sheila bair bull by the horns too big to manage



It also means that Wall Street has the power to lobby Washington…

lobbying 5 biggest banks



…and capture Washington.

Wall Street Revolving Door



And this means that it’s going to take a lot of effort from the public to level the playing field and make sure we don’t let Wall Street bring on another financial crisis.




So let’s organize and develop a sustained effort to create a smaller, simpler, and safer Wall Street.

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4 comments on “Here’s Why You Should Join Us
  1. Bonnie Green says:

    Will the Glass-Stegal act help us who ha e. even wrongly foreclosed already? Bank win the bid to buy house at auction n transferred it to I e of their subsidiaries I still live in house paying a usage fee. There are no rentals on Long Island after hurricane Sandy. I pay $2,300 a month USAGE FEE then October have to move. Need help I lived here 39 years before I was diagnosed with MS and took a refinance. It was my retirement. Now have to hope I can work the rest of my life. Please answer [email protected]

  2. I have my checking account in a credit union. Now, what about the real money (mortgage, 401k)?

    • Jon Ogden says:

      That’s a smart question, Jon, one that I wish more people were asking. We’re finishing up an ebook (which should be up soon) that delves into a long-form answer to that exact question. The short answer is to go with a low-cost index fund for the 401(k) and to aim for something close to a 15-year fixed-rate mortgage with a 20% down payment at a local lender.

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