4 ms·
Coordination between businesses isn't illegal unless it is for the purpose of removing competition or fixing prices, and this action clearly isn't either of the
by fallingknife 4y ago
Coordination between businesses isn't illegal unless it is for the purpose of removing competition or fixing prices, and this action clearly isn't either of these.
Hard to argue with your point that banking is basically a utility now b/c of the government guarantees point, though.
- adverbly 4y agoHow is this not for the purposes of fixing prices? Isn't the intent here to prevent the competitor bank from needing to sell their assets and driving down prices, leading to contagion?