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The irony is that overall revenues in the banking and securities industries have fallen significantly in the last few years, but the collapse of Bear-Stearns and Lehman, along with the merger of Merrill Lynch and Bank of America, means fewer companies are dividing up the spoils.
There is just one way to make the US government’s policy towards the banks work. That is for the Congress to vote another $1.5 trillion worth of additional TARP money for the banks - $1 trillion to buy the remaining toxic assets off their balance sheets, and $0.5 trillion worth of additional ca...
Thu, Apr 16 | from naked capitalism