General Discussion

Armstead

(47,803 posts)

28. I'll amend that to Ignorant

Wed May 7, 2014, 01:11 PM

May 2014

I'm sorry if I sound harsh about it, but I remember this happening over and over again over many years. And I remember banging my head (symbolically) feeling like "Why are we letting this happen?" .....And we're STILL allowing this process to continue unabated.

Yes I am extremely critical of the public for allowing this. It was a matter of collective self-sabotage. There was enough publicity in the mainstream media about the biggest of these mergers as they occurred that people should have known, no matter how preoccupied with life.

And this is not esoteric. It's just Basic Common Sense that you don't want to allow a handful of Giant Corporate Monopolists to take over the entire economy. That's not liberal or conservative. It's just plain stupid.

In many respects we have ourselves collectively to blame. Accepting responsibility is the first step towards recovery.

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How 37 banks became 4 banks in less than 20 years [View all] Ichingcarpenter May 2014 OP

And most of this hapened during the Clinton administration Le Taz Hot May 2014 #1

Unfortunately Obama and Dems in Congress haven't changed -- so it is still going on Armstead May 2014 #5

And they've become dumber, dirtier AND more DirkGently May 2014 #2

We are Morons for letting this happen -- And our Politicians are assholes Armstead May 2014 #3

Exactly. It's the people's fault. "We" (not me) and US let it happen. nationalize the fed May 2014 #7

No, WE'RE not morons Enthusiast May 2014 #25

I'll amend that to Ignorant Armstead May 2014 #28

And actually you could add a few more branches to the Bank of America tree...... marmar May 2014 #4

This doesn't even touch what they gobbled up Ichingcarpenter May 2014 #6

You are missing the 2005 acquisition of Cazenove by JP Morgan Chase FarCenter May 2014 #8

E pluribus unum The2ndWheel May 2014 #9

Walk away... homegirl May 2014 #10

That's wht I did many years ago and am glad I did Armstead May 2014 #15

Most definitely lovemydog May 2014 #17

The credit union here charges for checking, Go Vols May 2014 #24

First Interstate was bought by Great Western /nt dickthegrouch May 2014 #11

Nope - Wells Fargo. I was a First Interstate customer at the time. dbackjon May 2014 #18

I looked at my statements before posting to make sure dickthegrouch May 2014 #19

What state are you in? dbackjon May 2014 #30

Apparently I bailed from First Interstate in Oct 1995 dickthegrouch May 2014 #32

Or a condition of the merger dbackjon May 2014 #33

PNC has accululated a few smaller fish along the way Supersedeas May 2014 #12

My PNC bank branch changed names six times either by mergers or buyouts. Efilroft Sul May 2014 #14

One thing that amazed me while all this emergency bank gobbling was going on in the late 00's... Gidney N Cloyd May 2014 #13

Your graphic needs to add Valley National Bank of Arizona dbackjon May 2014 #16

This message was self-deleted by its author guyton May 2014 #20

+1 - And let's look at State Banks erronis May 2014 #26

du rec. xchrom May 2014 #21

National Bank of Detroit (NBD) Indydem May 2014 #22

Chase. ugh. Bought out my Mortgage and upped my house payment. Want to refinance. NEED to. Tuesday Afternoon May 2014 #23

I used to work for one of the 37. MadrasT May 2014 #27

These are oligarchs - nationally and globally. JackRiddler May 2014 #29

The Repeal of Glass-Steagall fredamae May 2014 #31