The AT&T T-Mobile Merger: U.S. Justice Department Opposed

The Department of Justice sued in U.S. District Court to block the proposed $39 billion acquisition of T-Mobil by AT&T. According to news reports the Justice Department filed its lawsuit because they believed the combination of AT&T and T-Mobile would result in tens of millions of consumers facing higher prices, fewer choices and lower quality products. In other words the consumer would be facing another created monopoly.

It is a known fact that corporate America's appetite for mergers and buy outs is to eliminate competition and there by have a monopoly. One can only hope the Justice Department is successful in its quest. They should also move strongly to break up the monopoly of the Wall Street Banks. Monopolies should no longer be allowed to flaunt their "too big to fail" ideology. I wrote a previous commentary on the "too big to fail" ideology and pointed out that any time you had a company that was "too big to fail" it indicated a monopoly.

Because corporate America and the Wall Street Banks have not lived up to their responsibility as responsible entities, the Justice Department should be active in seeking those monopolies out where they exist and sue to break them up. America and its people can not afford wealth and greed to be the defining force in its economic life. The negative impact of what the country and middle class are going through now should not be forgotten.