American Injustice continues to gather reports showing a continuing consolidation of power by the US elites. The top 400 US families now own as much as the bottom 150,000,000 citizens.1 Meanwhile, the top 10 "banks" (Bank of America, JP Morgan Chase, Citibank, Wells Fargo, Goldman Sachs,Morgan Stanley) hold $11 trillion in assets or about 84% of all US bank assets.2 Two years ago, Bank of America and Citibank were on the verge of collapse, until they were bailed out by the US government.
Sources:
1.http://www.politifact.com/wisconsin/statements/2011/mar/10/michael-moore/michael-moore-says-400-americans-have-more-wealth-/
2. http://www.mybudget360.com/banking-mammoths-top-10-us-banks-have-11-trillion-of-13-trillion-in-total-banking-assets/
Sunday, July 31, 2011
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