MONEY: Are we going to be left with a banking oligarchy?

Citigroup to buy Wachovia banking operations
Monday September 29, 9:24 am ET

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NEW YORK (AP) — In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the Federal Deposit Insurance Corp.

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Doesn’t anyone think that banks are becoming too big?

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