The subdued reaction to the planned merger contrasts sharply with the wariness toward Japanese banking power in the 1980s, when those banks financing corporate Japan's sweeping international expansion seemed poised to do to world banking rivals what Japanese electronics makers did to American television manufacturers.
32.
This does not destroy the validity on these enactments any more than the general banking powers destroyed the authority of Congress to create the United States Bank, or the authority given to national banks to carry on additional activities destroyed the authority of Congress to create those institutions.
33.
That Congress has seen fit, in making of these banks fiscal agencies and depositaries of public moneys, to grant to them banking powers of a limited character in no wise detracts from the authority of Congress to use them for the governmental purposes named if it sees fit to do so.
34.
Their territory is being encroached on by such better-capitalized interlopers as commercial banks, Wall Street " wire houses " such as Merrill Lynch & Co . and Dean Witter Reynolds Inc ., and investment banking powers such as Bear Stearns Cos . and Salomon Brothers Inc . that have begun flexing their muscles to become bigger players in the asset management business.
35.
Their territory is being encroached on by such better-capitalized interlopers as commercial banks, Wall Street " wire houses " such as Merrill Lynch & AMP; Co . and Dean Witter Reynolds Inc ., and investment banking powers such as Bear Stearns Cos . and Salomon Brothers Inc . that have begun flexing their muscles to become bigger players in the asset management business.
