Skip to main content


August 28, 2011

Time to say no to bank consolidation

“It was only two years ago that there was a spirited debate about whether to break up the country’s biggest banks so the government would never again have to step in and bail them out for fear that a failure would trigger a financial panic.

“The White House and Republicans never liked that idea. Instead, they pushed through a less heavy-handed approach that capped the growth of the four largest banks, each of which now has more than $1 trillion in assets, while imposing on them slightly higher capital requirements to offset their “too big to fail” advantage in attracting capital and deposits.

“Now the ink is barely dry on the Dodd-Frank Act and big regional banks, prodded by Wall Street dealmakers and analysts, are once again in merger and acquisition mode. And if regulators let it happen, you can bet your ‘Citi Never Sleeps’ coffee mug that the next wave of consolidation will produce even more trillion-dollar banks in five years.”

Read the full story at the Washington Post

In the News


For media inquiries, please contact us at or 202-618-6433.

Contact Us

For media inquiries, please contact or 202-618-6433.

To sign up for our email newsletter, please visit this page.

This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact or 202-618-6433.


Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today