I applaud the FTC for moving to block this merger. In sector after sector, a handful of giant corporations control what is produced and how much Americans pay for their products. We must stop this dangerous concentration of ownership. This is a step in the right direction.
This year companies are spending a record $1 trillion on stock buybacks to enrich their executives and shareholders.
Companies used to spend that kind of money on employee raises. Then stock buybacks were legalized in the 1980s.
@JeffreyStamber1 I don't understand why people aren't shouting from the rooftops on this. Housing is basically as big as all the other big expenses we talk about - health care, education, travel - combined.