Back in the day (1985) the US had 18,000 banks. Today we have about 6,800. What do you think is going on here? Consolidation to the TBTF banks, setting us up for one heck of a fall if any one of them were to go under. Here's the article I got the statistics from: Too Big To Fail Banks Are Taking Over As Number Of U.S. Banks Falls To Record Low | Zero Hedge I'm using a credit union at the moment, and if that ever when it closes, I'm going to get my paychecks cashed at (gack) Walmart before I use a zombie TBTF bank.