2 ms·
It turns out that banks are exempt from antitrust laws: http://en.wikipedia.org/wiki/United_States_antitrust_law#Exemptions_to_antitrust_laws http://en.wikiped
by j_baker 16y ago
It turns out that banks are exempt from antitrust laws: http://en.wikipedia.org/wiki/United_States_antitrust_law#Exemptions_to_antitrust_laws http://en.wikipedia.org/wiki/United_States_antitrust_law#Exe...
- dschobel 16y agoYou're referring to the Edge Act [1][2] and that only applies to US banks' foreign operations (their subsidiaries, to be specific). It is still very much illegal for them to collude against US customers. [1] http://en.wikipedia.org/wiki/Edge_Act http://en.wikipedia.org/wiki/Edge_Act [2] http://www.answers.com/topic/edge-act-corporation http://www.answers.com/topic/edge-act-corporation