On Tuesday, NYSE Euronext and Deutsche Borse announced that they were planning on

merging the two markets. One of the problems with the agreements is the massive
consolidation of these stock exchanges. Another problem is the loss of control of NYSE
Euronext with the merger. In the proposed merger, the German Deutsche Borse would get
acontrolling 60% share of the merged company.

In 2008, the market capitalization value of NYSE Euronext was valued at $16.7 trillion,
while the market capitalization value of Deutsche Borse was valued at $36 billion. Given the
massive difference in the size and value between NYSE Euronext and Deutsche Borse, the
Deutsche Borse should not be getting majority control of the vastly larger NYSE Euronext. 

 It is even more problematic as a nation with the possible loss of control of the NYSE. The
German stock exchanges and regulatory rules and regulations are quite different from the
U.S. The German government has much greater direct governmental influence andcontrol
over their stock exchange. Their reporting and regulatory rules are much less transparent,
open, and stringent than that required by the U.S. government. There is no valid or
beneficial reason for U.S. citizens or NYSE Euronext shareholders to allow Germany's
Deutsch Borse to take over NYSE Euronext.
As well, German companies have a poor history in relation to mergers with other countrys'
companies. In the case of the U.S. company, Chrysler, Daimler Benz, in what it claimed was
a "merger of equals" took over Chrysler Corporation. The claims that it was a merger of
equals turned out to be fraudulent as a U.S. court later found against Daimler Benz.
However, Daimler Benz had already appropriated the larger and more capitalized Chrysler
Corporation and began pulling capital illegally from the company. Daimler Benz dumped
Chrysler after taking it's capital, taking it off the U.S. stock exchange so it couldn't
recapitalize as a U.S. company, and dumped it into the private equity firm Cerberus, leaving
it bankrupt, with the U.S. government and U.S. taxpayers having to pick up the pieces. The
NYSE Euronext is the primary U.S. stock exchange and it is important that the U.S. keep
control of it's own stock exchange. There is no reason for the NYSE Euronext to be sold to
Deutsche Borse and it shouldn't be allowed