Capitalization of largest banks 1999-2009

Interesting. The first show of a Chinese bank on the list is not till '07, but 3 of them pop to the top all at once in '07. This was before the U.S. recession was even recognized.

The actual SWF is here: http://media.ft.com/cms/7a7a1484-17a3-11de-8c9d-0000779fd2ac...

Whoa! Market capitalization != capitalization

Elaborate then, what's the difference?

(another summary sentence would make this an informative comment, instead of a clever remark)

It's interesting to note that one of the reasons ('bullshit lines' would be more apt) Gramm and others who pushed for the repeal of Glass-Steagal in 1999 used was that American banks needed to be deregulated because they would be overtaken by bank from countries with looser regulations.

Oh the irony...