Telecoms Face Antitrust Threat

The Wall Street Jouornal ^ | 07-07-09 | AMOL SHARMA

[GOP_Lady]

Wireless Market, Generic Drugs Reviewed as Justice Department Steps Up Enforcement

The Department of Justice has begun looking into whether large U.S. telecommunications companies such as AT&T Inc. and Verizon Communications Inc. are abusing the market power they have amassed in recent years, according to people familiar with the matter.

The review, while in its early stages, is an indication of the Obama administration's aggressive stance on antitrust enforcement. The Justice Department's antitrust chief, Christine Varney, has said she wants to reassert the government's role in policing monopolistic and anticompetitive practices by powerful companies.

[GOP_Lady]

Christine Varney testifies at a Senate
Judiciary Committee confirmation hearing in March.

[Trust but Verify]

Yep ,that’s a real smart thing to do: drag the last handful of profitable companies with good jobs through the mud. Is there no end to their attack on capitalism?

[UCANSEE2]

Is there no end to their attack on capitalism?

Not until it is dead and buried.

[ASOC]

“wants to reassert the government’s role in policing monopolistic and anticompetitive practices by powerful companies.”

Startiong with say, banks

or

Goldman Sachs?

[hellbender]

How logical. The ultimate anticompetitive monopoly, the Obammunist Federal Govt., is going to police “monopolistic and anticompetitive practices.”