Washington Post – Banks ‘Too Big to Fail’ Have Grown Even Bigger:
The crisis may be turning out very well for many of the behemoths that dominate U.S. finance. A series of federally arranged mergers safely landed troubled banks on the decks of more stable firms. And it allowed the survivors to emerge from the turmoil with strengthened market positions, giving them even greater control over consumer lending and more potential to profit.
This is what happens when the government gets to choose winners and losers. The winners are, predictably, the ones with better political connections.
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