Predators eat prey.

Editor,

None of this stuff trickles down to the man on the street, and in fact mergers lead to lay-offs, as "redundant" employees are fired and swallowing a competitor makes it possible to "streamline" functions and make them more "efficient" -- which Wall Street loves because it means bigger profits.

So what. All this rearrangement of the expensive seats is one example of precisely what is wrong with monopoly capitalism. Rich guy wannabes are awed and thrilled by it vicariously -- until they are laid off themselves and have the opportunity to realize that this business is not impressive at all but is frankly diabolical.

Predators eat prey. Wow.

re: "Big Merger Deals Signal Restored Confidence" (9/29/2009)