Friday, 3 July 2009

Shotguns and blowups

From Mark Gilbert on Bloomberg:
If the aftermath of the credit crunch is a financial landscape featuring fewer banks, each even bigger than before because of government-engineered mergers and opportunistic takeovers of weaker brethren, then we should all be very afraid. That, though, is exactly where we are headed.
The whole article is spot on: I recommend it.

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