Banks ‘Too Big to Fail’ Have Grown Even Bigger

Behemoths Born of the Bailout Reduce Consumer Choice, Tempt Corporate Moral Hazard

"There's been a significant consolidation among the big banks, and it's kind of hollowing out the banking system," said Mark Zandi, chief economist of Moody's Economy.com. "You'll be left with very large institutions and small ones that fill in the cracks. But it'll be difficult for the mid-tier institutions to thrive."

"The oligopoly has tightened," he added.