margotb822
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Wed Sep-17-08 04:11 PM
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| Morgan Sachs of America Brothers Mutual Group |
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Anyone else concerned about the fact that the US is on it's way to having only one financial institution? http://www.nytimes.com/2008/09/18/business/18morgan.html?_r=1&hp&oref=slogin |
| Maven
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Wed Sep-17-08 04:14 PM
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| 1. A monopoly in the financial sector? |
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What could possibly go wrong? :crazy:
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| tridim
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Wed Sep-17-08 04:17 PM
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| Yes, but it not like any of us peons can do anything to stop it. |
| dixiegrrrrl
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Wed Sep-17-08 04:17 PM
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US has many financial institutions.
Thousands of commercial banks.
Hundreds of mutual fund companies.
dozens of mortgage lenders.
The investment banks are going down, but there still are several of them.
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| margotb822
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Wed Sep-17-08 04:27 PM
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As these large financial institutions gobble each other up (or fail) eventually they become so big that only they can rescue each other. It's not an environment that fosters competition.
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| dixiegrrrrl
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Wed Sep-17-08 04:39 PM
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| 4. oohh....in that case "never mind" |
| bemildred
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Wed Sep-17-08 04:59 PM
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| 5. Well, the thing is, what are we going to do when they go bankrupt? nt |
| margotb822
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Wed Sep-17-08 05:04 PM
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| 6. We'll obviously just buy them! |
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We're doing that already! (Don't you just feel richer???)
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Tue May 07th 2024, 06:00 PM
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