Which is not quite the way things are turning out over here. A couple of examples show a Europe that does not want a repeat of the current situation. Ing has to split its banking and insurance operations and sell its on-line U.S. bank. Anglo-Irish Bank is nationalized. Commerzbank has to sell off its real estate lending operations. RBS has to sell off its insurance and commodity trading operations. Fortis is moving back to being split nationally.
By and large, all of these companies have gotten less from their governments than our banks have. Yet, the foreign governments do not seem to be returning to the good old days as we are.
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