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Old 11-10-2008, 08:29 PM   #25
Saqwnht

Join Date
Oct 2005
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482
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Originally posted by Imran Siddiqui
From the article:

Some congressional staff members have privately concluded that the notice was illegal. But they have worried that saying so publicly could unravel several recent bank mergers made possible by the change and send the economy into an even deeper tailspin.

So they would have merged regardless?

Doesn't seem so. That only says that congressional staff member are worried that it could unravel mergers, not that it will. In other words, they've got them by the balls, just like they planned.
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