The New York Times has a piece today about the Obama administration’s intention to actually enforce anti-trust provisions, a shocking departure from the actions of the last administration.
I just got back from a speech by Christine Varney, the recently confirmed Assistant Attorney General for anti-trust, who gave a remarkably forthright, unapologetic defense of zealous anti-trust enforcement. I’ll have more to say about the speech later, which was short on specifics, but unequivocal about the dangers of “too big to fail.” But anti-trust has been relegated to a backwater not only in the Bush administration’s justice department, but also in our public discourse and in the elite opinion of legal academia. I think (hope!) this morning’s speech marked the end of that chapter.