Commentary: Empty Aisles At The Financial SupermarketsPamela L. Moore
The imminent repeal of the Glass-Steagall Act has produced very different reactions on Wall Street and Main Street. Investors are salivating over the idea that a new wave of megamergers will produce giants that will generate huge returns by selling every imaginable financial service. Consumer groups, meanwhile, are warning that new behemoths will extract more, not less, from customers, including sensitive information, that they might exploit for gain.
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