NEW YORK ( TheStreet) - In 1997, the Federal Trade Commission blocked the merger of Office Depot and Staples, a move that was rather shocking and somewhat comical to me at the time. Thank goodness Big Brother stepped in to stop the formation of this evil monopoly, which, if had been allowed to move forward, surely would have driven the prices of office supplies through the roof, giving the public no recourse.At the time, the director of the FTC's Bureau of Competition, William J. Baer said this: "The FTC's decision to ask a court to block the merger is about lower prices for consumers. If the merger is allowed to proceed, consumers will pay millions of dollars more for their copy paper, envelopes, pens and file folders."
Justice Dept. Makes Cheap Beer a Top Priority
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