# An op-ed by NYU Life Trustee & Chairman Emeritus Overseer Henry Kaufman on financial concentration

1 School News August 15, 2012 ![](/sites/default/files/styles/246w/public/assets/images/con_037228.gif?itok=iNHX_TSX)>

Excerpt from [The Globalist](http://www.theglobalist.com/StoryId.aspx?StoryId=9716) -- "As a result of all these moves (before the crisis, during the crisis and afterwards), a very high proportion of U.S. financial assets are now held by a mere handful of conglomerates. And they are the ones deemed "too big to fail." Smaller firms operate ever more on the margins and hold only a declining share of financial assets."

[Read more](http://www.theglobalist.com/StoryId.aspx?StoryId=9716)