2Big2Fail

 It All Started Here: Read NYT Article from 1987  That Predicts $500 Billion Bank Balance Sheets (we wish)

U.S. Treasury Decision to Push Global Banking Bohemeths Set U.S. On a Collision Course with Inevitability of Financial Irresponsibility

 U.S. Treasury Wants REALLY BIG Banks  (click here to read  entire 1987 article )

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June 7, 1987

TREASURY NOW FAVORS CREATION OF HUGE BANKS

By NATHANIEL C. NASH, Special to the New York Times

WASHINGTON, June 6— Top officials at the Treasury Department have concluded that the Government should encourage creation of very large banks that could better compete with financial institutions in Japan and Europe.

The Treasury plan, which would permit the acquisition of banks by large industrial companies, was also endorsed by Alan Greenspan, in an interview before President Reagan nominated him this week to be chairman of the Federal Reserve Board.    to read entire article click here.