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USA Banking System

US Banking System

Consider the following quote and place your thoughts:

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
-- Henry Ford (1863-1947) Founder of Ford Motor Company

System Banking USA

I think there is a lot that people do not know about our banking system. I also believe that is the government takes over the banks there is going to less people who will put trust into the banks.

USA Banking System History & Civil Business Politics

Only 26% Americans trust financial system:

That's actually relatively good news for banks, big corporations and the like. It's up from 20 percent in January of 2009, when the country was still deep in recession and grappling with the financial crisis. Ref. Source 9

System Banking USA

Seven Largest U.S. Banks Have Created Thousands Of Subsidiaries To Avoid Taxes:

Fed Report: America's seven biggest banks now have more than 14,500 subsidiaries around the world, according to a new report by the Federal Reserve Bank of New York (h/t Bloomberg). They have hatched more than 10,000 of these subsidiaries since 1991, largely in an aim to skirt regulations and taxes Ref. Source 8

System Banking USA

More Americans opting out of banking system:

Released Wednesday, the study found that 821,000 households opted out of the banking system from 2009 to 2011 and that the so-called unbanked population grew to 8.2 percent of U.S. households. Ref. Source 8

USA Banking System

Money-Laundering Inquiry Is Said to Aim at U.S. Banks:

Federal and state authorities are investigating a handful of major American banks for failing to monitor cash transactions in and out of their branches, a lapse that may have enabled drug dealers and terrorists to launder tainted money Ref. Source 8

USA Banking System

Six Biggest U.S. Banks Earn $63 Billion:

Four years ago today, President George W. Bush signed into law the biggest corporate rescue in American history. Even as U.S. Unemployment has remained above 8 percent for 43 months, the country's biggest banks are making almost as much as they ever have. Ref. Source 1

USA Banking System Politics Business Civil & History

3 bankrupt banks bring US 2012 total to 46:

Regulators on Friday closed two small banks in Florida and one in Missouri, bringing to 46 the number of U.S. Bank failures this year. Ref. Source 7