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>Pretty sure this only applies to banks with small holdings, so I'm not really sure why anyone's getting their panties in a knot. Definitely not small, maybe m
by frgtpsswrdlame 8y ago
>Pretty sure this only applies to banks with small holdings, so I'm not really sure why anyone's getting their panties in a knot.
Definitely not small, maybe medium but even then depends how you define it. The relevant regulations are rolled back for banks with less than $250 billion in assets. So the megacorps like BoA and JPMorgan are still regulated but other very large entities aren't - American Express and BB&T were the examples I read earlier.
- microcolonel 8y agoAmerican Express is not a bank, and BB&T isn't a particularly big one (though they'll possibly cross this line soon). Apple Inc. has more assets than BB&T.
- geggam 8y agothanks to fractional reserves most banks dont have any money
- trhway 8y ago> Apple Inc. has more assets than BB&T. it is Apple own assets, not deposited by somebody. Apple also is the biggest by valuation and in the first 10 by revenue worldwide. Not a good yardstick to compare with to showcase that somebody isn't a big one. I mean it is like saying that USS Enterprise isn't a big one because Caribean Princess is bigger :)