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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (3094)	9/26/2008 12:48:33 PM
From: BWAC	Read Replies (1) \| Respond to of 5891

<Isn't that simply "the rich get richer..."?> I prefer to look at it from the angle of 'the competition gets less'. Which in turn will lead to lower interest rates paid to depositors. And higher rates charged to borrowers. Plus more bs fees and other such excess garbage in the fine print. No competition for deposits. No choice for savers. Fewer alternatives for borrowers. Result? We'll all pay more, and get less in return.

To: Sam Citron who wrote (3094)	9/26/2008 1:16:43 PM
From: Gottfried	Read Replies (1) \| Respond to of 5891

Sam, re >Cramer refers to as the fortress banks, such as JPM, WFC and probably BAC. Isn't that pure Darwin? Isn't that simply "the rich get richer..."?< It's also setting up more financial institutions that are "too big to fail" We should require them to split up so that each part CAN fail without creating financial tidal waves [like AT&T was split up]