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"The problems are worse than they were in 2007 before the crisis."

No comforting words from Joseph Stiglitz! - who, as former chief economist at the World Bank, told Bloomberg News that "in the US and many other countries, the too-big-to-fail banks have become even bigger."

In fact, as reported in The Telegraph, Stiglitz says "The problems are worse than they were in 2007 before the crisis."

Read the sobering piece, here, on where the GFC is right now, and after doing that reflect on this salient fact......since the 1990, the top 20 institutions in the US have gone from controlling 35 % of assets to 70% of assets.

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