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To: James Hutton who wrote (232775)	12/11/2009 9:00:46 PM
From: patron_anejo_por_favor	Respond to of 306849

They made the TBTF much, much worse by folding failures into survivors. GS practically has a monopoly in M&A now. WFC, JPM and BAC have enormous market concentration. It's a win-win-win for the Banksters (no surprise there, given who was Sec Treas in the last admin, and who is there now). And a lose-lose-lose for everyone else.

To: James Hutton who wrote (232775)	12/11/2009 9:17:45 PM
From: James Hutton	Read Replies (1) \| Respond to of 306849

Beautiful . . . Watch an exception swallow the law. "House members also agreed to relax some of the proposed new controls on trading in derivatives. Rather than subject all over-the-counter derivatives to open trading, the bill would subject such derivatives only if they were traded between Wall Street firms, or with a major player like the American International Group. But the transactions between dealers and customers will remain largely hidden, so customers will not be able to compare the prices they are being charged with the prices charged to other customers."