The big banks are buying up the little banks,
And the bigger banks, are buying up the big banks,
The biggest banks are buying up the bigger banks,
And then were told, "They're too big to fail."
For example, JPMorgan Chase Manhattan;
Purchased Washington Mutual in 2008.
After WAMU had previously purchased:
Another company's division for mortgages.
Can you say "JPMorgan Chase Manhattan - Washington Mutual - Fleet Boston Financial Corporation"?
That's a very conglomerated financial Institution. That markets itself with just the word chase.
© Greg Spence Wolf
Updated 2/15/22 - Reviewed 31 times