Too Big to Fail Should Be Too Big to Exist

Against Monopoly has a great graphic that shows a big part of the problem with our financial sector and our economy. The four banks shown above are the four largest banks in the U.S.: JP Morgan Chase, Citi, BofA, and Wells Fargo. ¬†Together they dominate the financial industry. If you add in Goldman Sachs and … Continue reading Too Big to Fail Should Be Too Big to Exist

AT&T and T-Mobile: New Boss, Same As Old Boss

The U.K. Guardian brings us the telecommunication news yesterday of a new cell phone overlord in the U.S.: In what would be one of the biggest deals since the financial crisis broke, the US telecoms giant AT&T has agreed to buy T-Mobile USA from Deutsche Telekom for $39bn (¬£24bn), creating the biggest mobile operator in … Continue reading AT&T and T-Mobile: New Boss, Same As Old Boss