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Albert A. Foer, Dec 15, 2008
The Great Banking Meltdown of 2008, which may yet metastasize into the Even Greater Depression, has already resulted in an unprecedented rearrangement of the financial services sector. Merrill Lynch and Countrywide Financial are now part of the Bank of America; Bear Stearns and Washington Mutual are now part of JPMorgan Chase; and Wachovia is now part of Wells Fargo. Goldman Sachs, Morgan Stanley, and
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