J.P. Morgan Chase,holds more than $1 of every $10 on deposit in this country

J.P. Morgan Chase, an amalgam of some of Wall Street’s most storied institutions, now holds more than $1 of every $10 on deposit in this country. So does Bank of America, scarred by its acquisition of Merrill Lynch and partly government-owned as a result of the crisis, as does Wells Fargo, the biggest West Coast bank. Those three banks, plus government-rescued and -owned Citigroup, now issue one of every two mortgages and about two of every three credit cards, federal data show. http://www.ritholtz.com/blog/2009/08/goldman-sachs-the-firm-everyone-loves-to-hate/