A new analysis suggests that Japanese banks merged in the 1990s and 200s to become too big to fail; banks that were financially unsound before the merger remained unsound after and sometimes became even more likely to default. Banking consolidation in the US has inadvertently had the same effect (c.f., Citi) and GM and Chrysler explicitly had this goal in mind when they considered a merger again earlier this month.
by Locker Room contributor