Since this crisis really began to cause real damage there have been a number of forced marriages so to say. Isn't all the sudden industry consolidation going to hurt us in th long run? I thought that the fact that these companies under the bailout plan were to big to fail was the problem. Now we are merging industry giants like meryll lynch and bank of America making them even more massive players? Are we not simply repeating the same mistakes again by allowing such enormous growth?Are making our financial crisis worse?
Yes it will. This problem has been known for years now. I first learned about it from a finance guy at GE who told me in early 2007 that the were all sweating this huge sub-prime issue. This was way before the media covered it for real and I know that that guy isn't very high up the food chin. Paulson was raping us back at Goldman and engineered the B.S. buyout, now the president wants to have the fox manage the hen house and give the guy a blank check? What could possibly go wrong? This is disaster capitalism at it's zenith. Yours and my grandkids will suffer this if the country is still here.
Look for hyper inflation, mass lay offs, dumping of the dollar on the world market and war, a BIG war.
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