``But this summer's most riveting big-bank racket doesn't revolve around financial industry paper. This racket impacts things we can actually touch and feel, like the beer cans millions of Americans will be holding next week at Labor Day picnics.

We need some background here: Generations ago, champions of the public interest battled to keep America's banks from operating non-banking businesses. They sought to both protect depositors and prevent banks from manipulating their "financial might to gain an unfair advantage over competitors."''

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