Given that "Too Big To Fail" has become the catchphrase of the financial crisis, is it any surprise that antitrust has become a particular fascination of enforcement? Of course not.
The U.S. government plans to reverse its antitrust policy and put more pressure on companies eyeing bigger market share through their dominance, the New York Times reported on its website.
Christine Varney, head of the U.S. Justice Department's antitrust division, will announce the policy reversal in a speech on Monday at the Center for American Progress, the paper said, citing people who she consulted about the policy shift.
The changed policy will be a reversal from that of the Bush administration, during which not a single case against a dominant firm was lodged for violating the antimonopoly law, the paper said.
One of the assumptions that underlies the post-crisis world is that a wave of consolidation would be one of the end games that cleans up the broken eggs left behind. It will be interesting to see how the rubber of the new anti-merger philosophy meets the road.
U.S. to make antitrust policy tougher: report [Reuters]