WITH COMPANIES SUCH AS BANK OF AMERICA BUYING OTHER COMPANIES, WHAT STOPS THEM FROM BECOMING A MONOPLY.?

What stop alternative companies from we do so as well. I see large companies who can put in the investment income profiting from these businesses starting bankrupt. How do we stop monoploies from developing?

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mellishw October 11, 2010 at 5:38 pm

They can’t because it breaks the Sherman Act. That is a law enacted to protect consumers against monopoly. To be honest I would keep your money there because of federal trust. It is insured and protected. My hubby is a civil attorney and he fights these all the time. But to be honest he needs vacation time with me and not fighting the world!

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