anti-trust

Too Big to Fail Should Be Too Big to Exist

/ Jim Luke / 3 Comments

Against Monopoly has a great graphic that shows a big part of the problem with our financial sector and our economy. The four banks shown above are the four largest banks in the U.S.: JP Morgan Chase, Citi, BofA, and Wells Fargo.  Together they dominate the financial industry. If you add in Goldman Sachs and … Continue reading Too Big to Fail Should Be Too Big to Exist

AT&T and T-Mobile: New Boss, Same As Old Boss

/ Jim Luke

The U.K. Guardian brings us the telecommunication news yesterday of a new cell phone overlord in the U.S.: In what would be one of the biggest deals since the financial crisis broke, the US telecoms giant AT&T has agreed to buy T-Mobile USA from Deutsche Telekom for $39bn (£24bn), creating the biggest mobile operator in … Continue reading AT&T and T-Mobile: New Boss, Same As Old Boss

Using Anti-trust to remedy “too big to fail”

/ Jim Luke

Simon Johnson, along with Joseph Stiglitz, and Thomas Hoenig argued yesterday in hearings that we need to break-up "too big to fail" banks. I heartily agree. But of course our argument, both in the Atlantic and more broadly, is not against finance per se. In fact, we’ve received some strong expressions of support from within … Continue reading Using Anti-trust to remedy “too big to fail”