I’m interested to see what lemmy thinks of this, I honestly haven’t kept track of the potential options.

  • sunzu@kbin.run
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    4 months ago

    Bro… Lina got put in place to show that feds are “trying”

    The judiciary is clearly not impressed.

    Wall Street Pete is there to cover up railroad accidents and Boeing bullshit. I don’t think he even has good intentions, just management consulting zombie being put in place to do corruption for the elites.

    • Andy@slrpnk.net
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      4 months ago

      If I can be frank, I’m reading from your tone that you’re not here for polite, factual persuasion. But if I’m wrong, or someone else sees this, I gotta drop a fact check on the ‘Lina can’t win cases’ myth:

      https://www.thebignewsletter.com/p/out-with-a-bang-as-ftc-beats-the

      More practically, this loss discredits the main argument from Wall Street. Dealmakers, and thinkers like Larry Summers, have often said that while Biden antitrust enforcers are aggressive, if corporations are willing to go to court, the government is likely to lose because judges won’t let them rewrite the law. This narrative was so strong that Lina Khan and Jonathan Kanter were questioned in Congress as to whether they were even trying to win. It’s always been a narrow and bad faith critique, but this victory, plus, the win in the Fifth Circuit over Illumina, should put that narrative to rest. Antitrust lawyers will tell their clients to go to court at their peril.

      It’s kind of a deep dive, but it’s worth it.

      • sunzu@kbin.run
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        4 months ago

        This issue won’t be solved via executive agency.

        It requires an acr or congress as ince current regulatory regime if broken.

        She just got put in place for act like feds are doing something. It is a circle jerk.

        I get hat y’all spinning anything you can latch on as a W for the Democrats such as people are making more money under biden …

        If you think that limp dick FTC has the power or the legal underpinning to regulator mega corps on 2024… Have fun!