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Automatic TRANSCRIPT

Velde a suit against standard oil which roosevelt had blessed as president and roosevelt believe taft had tacitly endorsed too but by bringing the suit taft embarrassed roosevelt deeply because it suggests that roosevelt had been duped by blessing a merger to placate jp morgan who he thought was saving the country during the crash of nineteen hundred seven and roosevelt's sister baiming roosevelt said taff original never forgave half for bringing the suit but taft believe that the law required and that's why he did it and that combined with a few other firings sever their relationship so judge ginsburg is one of the most distinguished antitrust experts in america you ton antitrust law school and you've had many important cases about it who's view of antitrust was more persuasive well i think frankly i would side with taft here the the regulatory approach is ultimately of expressed in the creation in nineteen fourteen of the federal trade commission more or less along the lines of you just describe for the proposed bureau corporations and if you see the building outside the the ftc in washington there is someone strong figure is big sculpture in concrete of restraining what would seem to be a wild horse which is business or maybe it's a pair of horses quite dramatic so anyway the litigator approach strikes me as having been much more productive over the years the ftc is from time to time taking more regulatory approach that's out of favor gun now because of a lot of untold consequences when government agency becomes a regulator without a specific mandate from the congress what how to regulate it what exactly to do when i was the justice department running the trust division we we were ministering the decree involving the breakup of at and t we had the judge greenwood get a petition from one of the broken up companies that they want to go into some new business he would ask the department we had a whole staff of people evaluating whether it'd be competitive for them to we were a little a little fcc ftc altogether and it was totally inappropriate role for a law enforcement agency so.