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View Diary: Shocking news: Wall Street wants Schumer instead of Brown in Banking chair (53 comments)

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  •  why "shrink"? Slice and dice!! (1+ / 0-)
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    The discussion should not be about "shrinking" banks that are too big to failsecute.  It should be about busting those trusts.

    Several times in the past the government has taken action to break up companies that grew too big -  Standard Oil, ATT, American Tobacco, to name a couple

    We need champions like Sherrod Brown, Elizabeth Warren and Alan Grayson to lead a new wave of patriotic trust busting - like Teddy Roosevelt and Taft.

    Since the 80's industries of every type have undergone tremendous consolidation - media, food, energy, banking - all have been reduced to a handful of companies controlling the markets.

    Bust those trusts!!  Require them to spin off stock management, from retail banking from investment banking.  Spin off pork operations from chicken operations.  Spin off newspapers from television,  broadcast from cable.

    The spun off companies would still be huge market players but free from The Octopus!!

    one can dream. . .

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