Comments on: Who values big banks? http://blogs.reuters.com/felix-salmon/2010/01/23/who-values-big-banks/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: MitchW http://blogs.reuters.com/felix-salmon/2010/01/23/who-values-big-banks/comment-page-1/#comment-11432 Sun, 24 Jan 2010 00:06:53 +0000 http://blogs.reuters.com/felix-salmon/2010/01/23/who-values-big-banks/#comment-11432 I trade FX for a corporate, and the worst thing that happened to my book was the BOA/Merrill merger. I use several bank counterparties (to ensure better pricing, reduce credit exposure, get better Christmas presents, etc), and the BOA/Merrill merger meant that because BOA had lots of exposure to my firm, and Merrill had lots of exposure to my firm, BOA/Merrill had too much exposure to my firm. The result? A decreased line of credit. So much for one-stop shopping.

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By: okobojicat http://blogs.reuters.com/felix-salmon/2010/01/23/who-values-big-banks/comment-page-1/#comment-11424 Sat, 23 Jan 2010 14:42:15 +0000 http://blogs.reuters.com/felix-salmon/2010/01/23/who-values-big-banks/#comment-11424 @Jian,

As someone who works for small wireless company (less than 50,000 subscribers) your theory that there are 3 cell phone companies is ridiculous. There are about 40 an I guarantee you in your town there is more than 1 that is not Verizon/ATT/T-Mobile/Sprint. Also, all the cell phone companies still give away free phones, but they are crap phones that no one wants to buy so they don’t advertise them. We sell them to Grandma’s who want something to keep in their car in case of an emergency.

Also, as for your freedom to choose a new cell phone provider, cell phones still compete with land lines, with internet and with driving over to your buddy’s house and engaging him face to face. The competition (and your freedom) is pretty great.

As for buying corporate interests, as soon as finish off this steak dinner with these six senators, I’ll talk about that.

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By: jian1312 http://blogs.reuters.com/felix-salmon/2010/01/23/who-values-big-banks/comment-page-1/#comment-11422 Sat, 23 Jan 2010 08:04:34 +0000 http://blogs.reuters.com/felix-salmon/2010/01/23/who-values-big-banks/#comment-11422 There are always people out there who, out of self interests (bankers defending banks comes to mind) or sheer stupidity, simply don’t see the difference between what’s good for interest groups and what’s good for our collective well being as a nation. “What’s good for GM is good for America”, they said back when. REALLY?

I have a simple, non-bank example against BIG. Remember couple years ago when we could still get free cell phones by signing one year contract? Not any more, right? Because the number of cell phone operators are down to what, a grand total of 3??? Where the h#$l was the DOJ? Anti-trust Unit?

Sure, the mobile companies have a right to swallow up smaller competitors; but what about MY freedom to choose? Those phony politicians who are, oh soooo into protecting my freedom, where were they??? To think anything other than that they were bought and paid for by corporate interests and care nothing about our freedom, is, beyond stupid. I’m fed up, as you can tell.

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