Citigroup buys Wachovia:
The deal further concentrates Americans’ bank deposits in the hands of three banks: Bank of America, JPMorgan Chase and Citigroup will control more than 30 percent of the industry’s deposits.This just means that in a year or two, when one or all of these guys go under, we'll have no choice but to bail them out. If we don'
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I'm sure they'll have all merged by then.
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