Tara Lachapelle, Columnist

Wall Street Bankers Will Have to Work a Little Harder

The past decade’s long list of megamergers reveals U.S. antitrust law as a failure. New rules proposed by Senator Amy Klobuchar would rectify things.

February 8, 2021 at 12:00 PM UTC

By Tara Lachapelle

Tara Lachapelle is a former Bloomberg Opinion columnist covering entertainment, telecommunications and deals.

Senator Amy Klobuchar’s proposal to overhaul competition policy is not only sensible, but urgent. — Senator Amy Klobuchar’s proposal to overhaul competition policy is not only sensible, but urgent.
Photographer: Aaron P. Bernstein/Bloomberg

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The list of corporate megamergers permitted by U.S. regulators over the last decade is a jaw-dropping study in the failure of the country’s antitrust laws. It’s against this backdrop that Senator Amy Klobuchar’s proposal to overhaul competition policy is not only sensible, but urgent.