Posted on 08/13/2009 7:55:50 AM PDT by FromLori
Tougher antitrust scrutiny from Washington is slowing deal making even as some early signs of improvement have started to appear in the mergers and acquisitions market.
Bankers and lawyers said antitrust officials appointed by President Obama have broadened and lengthened investigations and they expect more vigorous enforcement in years to come, writes Michael Erman at Reuters.
Lawyers expect health care, high technology, oil and gas and financial services deals to receive especially close looks from regulators, says Erman.
It's really bad, all the details are here.
Incompetence or deliberate malfeasance?
Some other things you might enjoy...
http://www.washingtonsblog.com/2009/08/taleb-our-leadership-is-literally.html
http://market-ticker.denninger.net/archives/1328-Heh-Lookie-Over-Here-Bloomberg.html
lol spot on
The dems idea of rescuing the economy aligns well with their need to destroy villages to save them during their highly successful war in Vietnam.
Slowing up mergers is the LEAST of the problems being caused by DC. When you take two big loser companies and merge them you get one big loser company. Lawyers win, stock holders lose.
The Elizabeth Warren interview was great. I still think we are in deep doo-doo. It looks like the game is to transfer as much money as possible into the big boys before the bottom falls out.
parsy, who wishes Wall Street had been left to stew in its own juices
What about increased scrutiny for, uh, LAWYERS!
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