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Spitzer: Banks Are Too Big, Let Them Fail

Instead, back smaller entities, ex-gov says in first Slate column

(Newser) - The government has doled out trillions in rescue funds, but “so far, we are simply rebuilding the same edifice that just collapsed,” writes newly-minted Slate columnist Eliot Spitzer. For years we’ve concentrated capital, creating gigantic “financial supermarkets” that attempted to provide every service for their customers.... More »

Satellite Merger Clears Hurdle

Justice Dept. doesn't see threat to competition; FCC must still weigh in

(Newser) - The Justice Department today approved the proposed merger between satellite radio firms Sirius and XM, the Wall Street Journal reports. The FCC must still sign off, but the pair appears to have allayed antitrust concerns about the merger of the industry's two largest companies by arguing that they face competition... More »

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