Tuesday, November 25, 2014

Banking Concentration Just like GINI

Do I need to draw you a picture?  The rest of the pdf is Table 1177. FDIC...


Rob Dawg said...

US GDP 1990 8.91 trillion
Banks 1990 4.65 trillion
Ratio 2:1

US GDP 2010 14.94 trillion
Banks 2010 13.32 trillion
Ratio 1:1

Stagflationary Mark said...

Hey! Not all the banking chance cards are bad!

Chance: Bank pays you dividend of $0.04

See? ;)

I should probably mention that's after Citigroup's 10-1 reverse stock split. If you bought before the crisis, then you needed to start with 10 shares just to get that $0.04 windfall.

I should also probably mention that you don't actually get that 4 cents all at once. It's actually a total of the annual dividends. You therefore only get one penny per quarter.

But other than that, it's a damn fine chance card I tell you! And there's more where that came from!


TJandTheBear said...

You seem inspired lately! :-)

Rob Dawg said...

I was nice that Ball McBride was for so long doing the job of posting relevant information. He's not just dropped the ball, he's fumbled badly. So, reluctantly I'll pick up and run with it.

Spread the word and know this place is not going to put up with the cruelties that are encouraged elsewhere.

Son of Brock Landers said...

Glad you're back. I hope it is for reals this time.

Citigroup shouldve been dismantled in '08/'09 but instead they got 3 separate bailouts. Thanks to Robert Rubin buying the Dems in early '90s with the DLC