In reality, big banks aren’t really acting like banks anymore. Big banks do very little traditional banking, since most of their business is from financial speculation. For example, we noted in 2010 that less than 10% of Bank of America’s assets come from traditional banking deposits.
The big banks are manipulating every market. They’re also taking over important aspects of the physical economy, including uranium mining, petroleum products, aluminum, ownership and operation of airports, toll roads, ports, and electricity. And they are using these physical assets to massively manipulate commodities prices … scalping consumers of many billions of dollars each year (more here and more).
The evidence demonstrates that the big banks have essentially become huge criminal enterprises … waging warfare against the people of the world.
Read more -> “Too Big To Fails” Have Stopped Being Banks | Zero Hedge.