11/06/09 Stockholm, Sweden – After sucking the easy pickings value out of corporations in the “regular” economy the financial services firms turned on one another, and to the victors go the spoils.
The end result…the too big to fail are now even bigger.
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
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It seems the cartoon left out one last level on all of the big banks.
The Federal Reserve should be shown at the bottom under the last three big banks showing it swallowing the last of Goldman Sachs.