We all know the banks have not gotten smaller since 2008 but now at least some authorities are coming out and stating it. Yesterday “The Federal Deposit Insurance Corp. said October blueprints submitted by banks, including JPMorgan Chase, Goldman Sachs and Bank of America, detailing how they think they’d be resolved in bankruptcy if they neared collapse were “not credible.” The Federal Reserve, another bank regulator, said the so-called living wills need significant improvement by July 2015 or the government may force them to shrink.”

We will see if the threat of government stepping in and forcing the banks to shrink will actually be followed up on…

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