Page 7 - Antitrust Violation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Arguably its an antitrust violation under the sherman act? >> it's called price signaling. a wink or a nod. what is interesting about this story for me, the justice department is going in saying, do you really have a watch doling. the truth is it was the consumers that make the big changes. it was their outrage and free market, bank of america, we are not going to take this debit card extra charge. we're moving. that is exactly what happened. that is what made bank of america change their policy. it was actually consumers made the change. >> gregg: tomorrow ten retail banks projected to lose $...

Right to gouge? weren't they already looking into this? >> it is illegal but the justice department picks and chooses which kinds of cases it wants to focus on. that's a real difference. if the justice department is going to really look at energy pricing, that is -- that's -- a choice they can make. they can look at child pornography, they can look at -- insider trading. i mean, they make choices about what to investigate. the problem with a price gouging investigation is those are some of the most complicated and longest lasting investigations that don't necessarily pay off. gouging, which is...