That's a combined market share of nearly 62% for the "big four" among the largest 50 U.S. banks with deposits funding at least 25% of the balance sheet, increasing from just over 47% ten years earlier.
So the "big four" are still way too big to fail, and despite the great strengthening of their capital ratios, while also repaying the government, we would be in the same pickle, bailing out the banks again, in the event of a serious liquidity crisis.
Meanwhile, Fannie Mae and Freddie Mac are operating under government conservatorship, having receiving over $189 billion in taxpayer money so far, while continuing to purchase the great majority of newly originated single-family mortgage loans. They are also too big to fail, and with neither major party wanting to be seen cooperating with the other, it will be a tall order to see Washington come up with a plan for the government to stop being the nation's main mortgage lender.
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