The folks at everyone's favorite politically connected basket case bank must be feeling left out after seeing a Washington Post piece noting the concentration of the banking industry and only mentioning the big three rather than the big four. As of March 2009, Citigroup had just under $1 trillion in risk adjusted assets according to data reported in the Federal Reserve Board's stress tests. This figure put it about 8 percent behind #3 Wells Fargo, but with more than twice the assets of Goldman Sachs, the fifth largest bank holding company by assets. For this reason, most measures of concentration usually focus on the big four, not just the three largest banks.
A second Trump administration will cement a right-wing majority on the Supreme Court for a generation, and put our collective future in the hands of someone who will be virtually unchecked by our institutions. The country has shifted rightward, and the reverberations will ensue for potentially the next few decades. In this climate, a robust independent media ecosystem will be more important than ever. We're committed to bringing you the latest news on how Trump's agenda will actually affect the American people, shining a light on the stories corporate media overlooks and keeping the public informed about how power really works in this country.
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