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So, your inference, TELenon, is that bank holding companies are not smart enough to enter the insurance and trading market? It seems to me that there are several insurance companies and investment firms that have managed to last for at least a year and not go under!

If you are not inferring this, than are you stating that there is RISK in insurance and trading? I have been looking for a good business to start myself that is risk free, maybe you know of one, banking perhaps? My point is that risk is inherent in everything we do.

You are nieve to think that examining risk is not a priority in any financial transaction, weither it be insuring a home, trading an option, or approving a line of credit. If the management of a company were managing this process irresponsably, I would think that they would have very little of the publics money to work with.

Please don't think that for a second that banks, or the government, think history is not repeatable. I think you need to look outside the box and examine the other safeguards that have been put in place since the Glass Act. Government regulations are not limited to that particular act, the SEC and bank regulation authorities are well aware of the signs to look for in an instable institution.

I guess the best I can tell you is that if you are a fatilist, sell any stock you may have in any financial institution and put it in a company that has no risk. Good luck and let me know if you find one!
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