Greta: The antitrust division in Justice Dept. is close to worthless

By Greta Van Susteren

Let's all go "Off the Record." The antitrust division at the Justice Department is close to worthless.

It's supposed to protect competition, not stifle it by green lighting giant mergers that ultimately destroy the economy and hurt you. But that's what's happening. Ask yourself, how many major airlines do we have now? Not many - about 10. That's about half the number of airlines we had only three decades ago.

And how is airline travel today? Not great. And now, the disturbing news today about Virgin America - probably the best domestic airline right now, with clean, modern planes and currently no reports of drunk pilots, like some other airline. It's likely Virgin America will be taken over by JetBlue or Alaska Airlines, maybe even Delta.

Yes, another big merger in the airline industry. Why does it matter? No competition leads to lousy service, high prices, and bad wages, and work conditions for employees. The antitrust division should be protecting our economy from the tyranny of monopolies, not ignoring them.

By the way, do you know what the lawyers who work in the Justice Department and antitrust division do when they leave the antitrust department? Most go to big law firms whose clients are these big companies like big banks and big airlines looking for permission from the Justice Department to merge. So, they lobby their pals back at the Justice Department to OK those mergers.

It does seem the system is rigged, doesn't it? And that's my "Off the Record" comment tonight.