Takeover mania gave us the never-ending Great Meltdown of 2008-09. Bank of America took over a thousand healthy banks to make fast bucks. It ruined them. AIG took over more healthy companies also to make quick profits. It gambled and wrecked them. "The Acquisitors--To Titanic to Let Sink" documents those takeover schemes for subverting natural competition. The schemers plead for more regulations to stack onto failed regulations to keep their takeover empires intact--and further evade competition. The documents reveal anticompetitive horrors bound to recur if the empires do remain intact. Yet they receive government money to remain intact. They "walk as zombies." But are the true zombies the taxpayers who hand takeover empires -- JP Morgan Chase, Citigroup, etc. -- that $250 billion and never even suggest they be dismantled?
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