
Pat Garofalo
The Occupy Wall Street protests that began in New York City more than three weeks ago have now spread across the country. The choice of Wall Street as the focal point for the protests — as even Federal Reserve Chairman Ben Bernanke said — makes sense due to the big bank malfeasance that led to the Great Recession.
While the Dodd-Frank financial reform law did a lot to ensure that a
repeat of the 2008 financial crisis won’t occur — through regulation of
derivatives, a new consumer protection agency, and new powers for the
government to dismantle failing banks — the biggest banks still have a
firm grip on the financial system, even more so than before the 2008
financial crisis. Here are eleven facts that you need to know about the
nation’s biggest banks: