Too Big To Fail Banks [INFOGRAPHIC]
Legislation continues to lag TBTF growth and the public suffers from an increasing lack of faith that these institutions will ever be reined back in again. Surveys reveal the belief that government is more the captive than the master of these institutions, and their interests are being furthered at the expense of the suffering public.
Governments might point to the more than 20 billion dollars in fines and penalties imposed on just a single TBTF player, JP Morgan Chase, in the single year of 2013 as proof that their reforms are working. However, the public is more likely to note the massive level of abuse that would warrant 20 billion in fines, as well as the probability that only a portion of the financial rapacity was ever uncovered.
Lee Ainslie's Maverick Capital had a difficult third quarter, although many hedge funds did. The quarter ended with the S&P 500's worst month since the beginning of the COVID pandemic. Q3 2021 hedge fund letters, conferences and more Maverick fund returns Maverick USA was down 11.6% for the third quarter, bringing its year-to-date return to Read More