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Some banks on wayward path

October 19, 2008

"The government was instrumental" in a deal that pumped $9 billion into Morgan Stanley from a major Japanese bank ("Morgan Stanley Gets Cash Lifeline," Oct. 14). But Morgan Stanley CEO John Mack indicates that he wants to use the money to buy potential rivals: that is, to increase his monopoly control. How do we make banks do what banks are created to do?

Frank Amon

Pomona

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