I asked this question on another thread. Are the democrats against obama’s agenda also terrorists who are planning demonstrations?
http://www.anewwayforward.org/demonstrations/
12 million unemployed. Foreclosures up 81%. Wall Street has taken over. We must break up the banks and never again let them get so big that they distort our politics and take down the economy.
Sponsors and Elder Counselors-Simon Johnson, Former IMF Chief Economist, Baseline Scenario
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-Joe Costello, Energy, Communications, and Political Economy
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-Yves Smith, Economist, Naked Capitalism
Support-Jerome Armstrong, MyDD, founder: “The corporate bailouts have become a complete political disaster.”
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-David Swanson, After Downing Street
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Most of these bank mergers happened while Clinton was president, but that has nothing to do with it. Chase/ Morgan is the merging of Chase, JP Morgan, Manufacturers Hanover, and Chemical Bank, and that bank is one of the large banks that is in the best shape. Citi didnt buy any other domestic bank as far as I know except for the broker Smith Barney. Banamex and the foreign entities make a lot of money for Citi. The thing that is hurting BoA is the recent purchase of Countrywide. Wells Fargo is even turning a profit after purchasing Wachovia. The problem isnt the size of banks its the government telling them how to lend money.
GREAT question! The answer is no...
Pretext for suppression of limited government thinkers. Code Pink et al is for more government control.