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Posted to: Business

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Incorrect Statistic

There is an incorrect outlier on the far right hand side of the chart. It is called Pacific Coast National Bancorp. It is shown with a $300B+ market value but that is nowhere near close. That would make it bigger than Bank of America, Wells Fargo, and JP Morgan chase which are the 3 largest banks in the country. I think this should have been millions not billions. Their current market cap is only $17,000.

In other news, I am glad to see that most of the big boys have paid back their funds. Since the investment bankers in those firms probably played a larger hand in the financial crisis they should have been keen on paying the funds back. AIG is shown as having paid back but now they are requesting more money. Part of me wants to see them fail just to prove the point that you cannot continue to have poor management and expect to survive.

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