What should not have happened is the Sprint T-Mobile merger. Like when Wells Fargo bought the failed bank (forget which one) after 2008, Wells Fargo went from a reliable company to all kinds of suspect things going on with our account. So far T-Mobile has been fine for us but we are seeing some marketing things floating around suggesting the Sprint influence might be having a negative impact on T-Mobile. I miss John Legere as the CEO, he had it going on.
Washington Mutual maybe? Bank of America is in a similar situation, they're just NationsBank with a friendlier name on them now. NationsBank acquired BOFA in 1998 after BOFA lost a bundle on Russian bonds. The speed run on becoming one of the shittiest banks around continued in 2005 when they (NB/BOFA) acquired MBNA.
Those were awful mergers. Supposedly the US government has reduced the amount of rubber-stamping of these mergers and are said to be scrutinizing them more now. I suppose time will tell. I don't know how else to get real results on fixing poor security practices other than to remove all immunity and limited liability protections from businesses that repeatedly put their customers in harms way and that would have other incredibly bad ramifications.
