Tuesday, December 15, 2009

"We Are Not Entitled to Our Own Facts"



"NEW YORK – The Federal Trade Commission is suing Intel Corp., accusing the world's biggest chip maker of using its size to snuff out competition.

The FTC says Intel, which makes the microprocessors that run personal computers, has shut rivals out of the marketplace. In the process, the FTC says Intel has deprived consumers of choice and stifled innovation in the chip industry.

Intel has faced similar charges for years and has denied any wrongdoing. The lawsuit comes after a recent $1.25 billion settlement with rival Advanced Micro Devices Inc. over similar claims.

Intel, which is based in Santa Clara, Calif., is also appealing a record $1.45 billion antitrust fine leveled by European regulators"

Why the hell aren't they using the template of "snuffing our the competition" when looking at our banks who are too big to fail? And this is Obama's Anti-Trust Unit now, not pro-corporate Bush's.

csm said...

"Too big to fail" means the same as "too big to exist" in my opinion.