Wishful thinking dept.
If ever there were a perfect situation for disapproval by the feds of a merger, the obscene proposed sale of MBNA Corporation to Bank of America for $35 billion is it: Forget for a moment the implication of eliminating competition, the plan is to eliminate 6,000 jobs in the process!
It would be a small but worthy starting point for returning our economy to the interests of the people rather than the powerful. Link
Is such a deal truly in the interests of the consumer? Will it cause credit card interest rates to plunge? Is MBNA going to go under if it's not rescued by a bigger bank (which will then be humungous, of course)?
It couldn't be just greed, could it? Could it?
Take a look:
It would be a small but worthy starting point for returning our economy to the interests of the people rather than the powerful. Link
Is such a deal truly in the interests of the consumer? Will it cause credit card interest rates to plunge? Is MBNA going to go under if it's not rescued by a bigger bank (which will then be humungous, of course)?
It couldn't be just greed, could it? Could it?
Take a look:
posted by The Voice | 9:55 AM
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