4.6 • 2.7K Ratings
🗓️ 25 February 2025
⏱️ 11 minutes
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0:00.0 | This is CBSI in the world. I'm John Batchel. The Department of Justice, much in the news, |
0:09.6 | with a new Attorney General replacing Merrick Garland, who was in his post for four years, |
0:16.1 | and during that time, there were a number of prosecutions that are now understood to be political. |
0:22.2 | One that you don't see right away, however, is the any trust law under the Department of Justice |
0:29.2 | administered by the office that was attached to a protege of the Democratic Party. Her name is Lena Kahn, very young, and |
0:40.8 | wrote a thesis, I understand, at Yale University that argued very straightforwardly that antitrust |
0:48.0 | could be used to benefit the consumer, that bigness was to be watched very carefully. I welcome Thaddeus McCotter writing an |
0:57.1 | American greatness about Lena Khan's time and what united her opinion of disparate companies. |
1:04.8 | I mentioned that the early suits that were gained attention at the FTC were the suit against Meta, |
1:14.5 | that's the former Facebook, and the suit against Amazon, that's Amazon. |
1:20.0 | There were also suits against Microsoft for its acquisition of an electronic game company, |
1:31.8 | against tapestry, that's a fashion industry for its attempted acquisition of Capri and Kroger's. That's a grocery store for its attempted |
1:37.9 | acquisition of Albertsons. That is a very good evening to you. What was the thinking for |
1:43.9 | Lena Kahn to take on all these very large lawsuits, |
1:48.4 | some of which she was successful in blocking, but not the big top line names? |
1:53.2 | Good evening to you. |
1:54.7 | Good meeting to you, John. |
1:56.8 | As you recall back in the day during the era of too big to fail, we oppose that. |
2:03.1 | We oppose the big banks. |
2:05.4 | We intrinsically understood that it was unfair in a constitutional republic where all citizens are created equal, |
2:13.6 | that any entity could be considered too big to fail. But we did not oppose that and then put forward |
2:21.8 | the concept that something should be too big to live. Under antitrust law, which is very important, |
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