Although not news to progressive critics of Wall Street, the Federal Reserve Bank of New York revealed research Tuesday that underscores why "too-big-to-fail" banks are bad for the economy. A study focusing on the five largest banks—JPMorgan Chase, Citigroup, Bank of America, Wells Fargo and Goldman Sachs—found that these firms benefit from
NY Fed Study: ‘Too Big To Fail Banks’ Profit On Taxpayers’ Backs
Federal Reserve study shows that megabanks receiving discounts because of ‘implicit government subsidy’