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The Magazine
The new super-regionals With the biggest banks busily digesting massive acquisitions and bumping up against deposit caps, midtier acquirers are gobbling up FDIC-seized banks. Haven't we seen this before? Buyout blackball? As the crisis unfolded, private equity rushed to buy battered banks, only to discover this was one club they had difficulty getting into. Too big to flail The banks are too big; the banks shouldn't gamble. There are many helpful hints about how they should be broken up and their activities curtailed, but so far, Washington's response seems to be 'subsidize, and muddle through.' Coyote ugly Jim Balsillie made a mess of trying to use the Bankruptcy Code to move Phoenix's hockey team to Hamilton, Ontario. But in the end, there's one less deep-pocketed sports nut out there to save a wilting franchise. Barry's way The mogul of IAC/InterActive continues to shuffle the deck in search of a winning hand. Content, anyone? Where's the beef? In McDonald's Icelandic saga, a business disappears and re-emerges rebranded and rejuvenated without even a token exchange of money. 
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