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and max dash f r a v dash w o l f f i'll have imposed account slash you know and
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max half wolf toothpick with quite get a whole bunch of stuff here match one of
the program
thank you very much rather merely apartheid today after getting dot
between meeting connecticut join you at all dot
joys in tribulations of new york ambient noise that place
decradius generates tomorow holding in my hands
expected paraphrase joe mccarthy five the that today's financial times and the
front page story on the right hand side goldman and joyce your bank criticizing
u_s_ senate report carl levin says you know
they're going to refer this thing to the uh... the s_e_c_ for for possible
prosecution um understand that you your beer well
rather than might try to see what your positions
died lamb i just ask the question
should uh... like blank fire from blue loiter any of these guys should they be
sure in jail cells of our e-mail
well i mean if they've gone from the bank they're cute out of the permission
of the people eat backhanded and most importantly it should be a quote
so that we all know because it's a way to have stayed or continue to function
in public equity market if the general public is treated to at least once a
decade edge dropping sandwich invite players parlay
ability to manipulate sentiment at market to their own advantage i don't
know that that's been proven but it that have happened did that hurt the poor
investigation and i i i believe that senator levin is well within his rights
and probably looking out for the american public by dressings the
department of justice take a long look i will look like a pattern of at least
immoral conduct in some cases
probably conduct that beyond the moral and possibly at least brush it up again
illegality
yeah i agree
and and dot you know i believe it was in the financial times higher at several
other news sources but the
one of them pointed out that you know about j jenny dyne is doing really well
j_p_ morgan is doing well and if they hold assets equal if my memory serves me
right from just peres this morning so i think it's probably accurate
twelve percent to u_s_ g_d_p_
no i don't know a goldman's assets are but uh... you know the probably in a
similar neighborhood
isn't this trillion-dollar without the undergrad but killian worked out the
billion trillion with the p cry out that make them significantly more by the way
that hit the big four u at bank packwood do about forty to fifty person american
banking paper develop or bank
cranking most first and foremost pty che bank of america
meant by week more well fargo about a bit marketing cripple what remained up
upbeat about by it
physically picked me up for bank that what the irony of
a public that andrea dot too big to fail about our response that what to bigger
the pale
yellow
a we've got these guys too
trash the economy
you know there's this is joe corner on the internet right now remember a couple
years ago when those unionized teachers trash the economy devastated everything
left us broken antonella
i don't remember that either on the expect yahoo baxter's st louis mary jane
yes no doubt some people do remember that there are two worked republican
petered out
the much more personal attack that we don't remember yet again over your right
today the play is that
failed from
in eighteen eighty one senator sherman and indian
no high o is december for senate bill five those sherman antitrust act heehee
p m and i my recollection is he was a republican
had figured out that it was not stir have anyone company basically control
monopoly in any one industry are not even one company a a small handful of
companies an oligopoly and jd at the last president to actually enforce the
sherman antitrust act was jimmy carter
in uh... breaking up a_t_t_ inaction was actually started by republican jerry
ford upgraded suspended officially suspended enforcement of the sherman act
in eighty two which led to this mergers and acquisition mania michael milken all
these guys emanate artists became the bill big phrase you know movies were
made about it was starring michael douglas also
it has a star
since then hardly data we come back to an america where we don't eminence it's
like the though the media monopoly bandai dickens' book
when he first came out with that back in the eighties there were fifty companies
the control ninety percent the american media now it's five corporations in
terms of readership viewership mr shipp
dog howling how do we
stanley
judges something like the spot the ball right we built the map which mean that
you can make that people could update
it works one trip to alter their children
even though it by any more complicated a little bit more involved affair it works
for a national economy as well i'd i think we live in an age of what we like
to call it economic oligopoly
so if you look at major american industry put up the food industry where
the hotel industry or the automotive industry or the banking industry or the
footwear industry what what what sort of like a lot one hit back divinity that
somewhere between three and five firm
control off toward the path of the market some places back three or four
firms are the market that the result of not having the right mark on the books
but much more importantly
not reporting notebook that we can work out soft and having a completion where
bigger and better and part of what makes bigger better
it very unfortunate the american political process because it
concentrated power in washington with your lobbyist
that is also part of what he termed a rafter part of the economy of scale is
but utep six-term competing congressman that others are now you have to while
they can spend less money and no more congress
and or is this is an exact opposite from what we would need to do
basically the mirror image of what would improve the situation
i think we know it by that name silicon united that the court case from last
year did aggravated but there is problem that with a restructuring shipping the
that of opportunities
vertically purse more businesses and workers are guaranteed that
sorry wilson and hands are it's eat is so strong
max max frye wolf the uh... economist and professor of economics in the
graduate program in international affairs the new school university
already overcrowded poster dot com slash max dash f r a v slash wolf with two s
and uh... max observer times pack united his conversation with you for hours
blueberry radiotherapy all out there i thought that the other quieter ambiance
expected i look forward to the best way to drop by for delivery of content of
their protective of the group which is