Another Reason to Break up Big Wall Street Banks
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Anti-Trust,
Economic Recovery,
Goldman Sachs,
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Morgan Stanley,
J.P. Morgan Chase,
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Steven Pearlstein,
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Firms don't engage in price competition because they have a "gentlemen's agreement. If one of them starts undercutting the other they will drive down fees, and all of them see less money. The only way to end this is government action.
Robert Creamer | Posted 05.25.2011