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"BofA buying Countrywide and more... till they, like Citi all needed a bailout of their own.

I never would have agreed with your point five or eight years ago, but I was wrong. And, this is where the GOP has some culpability in this whole mess. As I said in an earlier post, we let American banks get too big and let them stick their fingers in too many pies.

Deregulation had MANY, MANY great benefits. Unfortunately, we are now seeing some of the unintended consequences. But, as Greenburg has pointed out a lot this past week, we shouldn't throw the baby out with the bathwater. Some reforms, serious reforms, need to be taken, but if we embrace a French-type of banking system (as I believe Obama and others ultimately want to get to) we are sunk as a nation for a generation or longer.

I'm probably older than you, but I remember when they broke up the Bells', etc... and there was a reason oil companies were once kept smaller as well... probably the only real "philosophical" gripe I have with the GOP is how they started to allow or even encourage all this gobbling up of the small guys by the large guys... I think there has to be a balance, not certain what it is, but I think we swung too far and now the swing back under the democrats is going to be very dangerous to all our freedoms; would have been much better to have some sort of common sense GOP approach than this democratic mess.

sorry for the rambling here.....