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Why are banks silent on Microsoft? (legal controversy surrounding takeover of Intuit Inc.)

Banks have kept a low profile in the controversies that have engulfed software giant Microsoft. Observers believe their silence may be explained by the fear that complaints about Microsoft's expansion into new information sectors may backfire on banks in their campaign to repeal the Glass-Steagall Act. After all, the case against against Microsoft is based on its alleged failure to set up secure Chinese Walls between sectors, an argument which underlies the Glass-Steagall Act. Banks, however, may not be silent for long since many fear Microsoft's probable entry into home banking field.

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