And in
This Corner--
Earlier in this issue,
we told you of the Justice Department's antitrust lawsuit against
Visa International and MasterCard International. It's not just our
Federal government who believes the credit card giants are in the
wrong, federal and private groups have also jumped into the ring
against Visa and MasterCard.
The Ohio attorney
general's office has filed "friend of the court" briefs in favor of
the Justice Department, and 13 other states have helped out in the
investigation as well. Additionally, the Public Interest Research
Group (PIRG) in Ohio has voiced their opinion of the suit. PIRG
spokeswoman Amy Glassman said, "Banks sit on the boards of both Visa
and MasterCard and to argue that these two companies compete with
each other is a joke that has been played on the customers for
years."
We'll see who's left
standing at the bell!
[Return]
