Thanks Obama!
That the banks have been able to continue as long as they have with their bloated overcapacity is what this administration is responsible for.
When most intersections in this city have 4 or 5 bank branches we have a severe banking overcapacity. Remember banks facilitiate transactions, when they are efficient, but they do nothing productive in and of themselves.
Consolidating and downsizing this behemoth is not bad news. It is good news. It means that even for banks market forces have some effect.