Bank of America acquiring MBNA

[oboe]

Bank of America, betting that financial supermarkets are the future, announced Thursday that it will buy credit card giant MBNA Corporation for $35 billion.

I doubt much good will come of this merger for the consumer, but certainly the execs involved will make out better than kings, as will all the lawyers working out the details of the merger.    6,000 or more employees will lose their jobs.
   

Originally posted by Thomas Jefferson
If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.

I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.

The system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction... I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity... is but swindling futurity on a large scale.

[Holden McGroin]

Originally posted by Thomas Jefferson

Jefferson posts on this BBS?  I've gotta let Art Bell know about this!