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Preserving Competition After the Banking Meltdown

BY | December 11, 2008

This article is part of a Chronicle. See more from this Chronicle Albert A. Foer, Dec 15, 2008 The Great Banking Meltdown of 2008, which may yet metastasize into the…

This article is part of a Chronicle. See more from this Chronicle

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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