New direction comes from the Obama administration and our Justice Department. From now on, the government will favor more competition when one company attains dominance in an industry. The essence of capitalism is competition, so it’s an encouraging sign that the government is taking a stand for markets and against monopolies that distort the free enterprise system.
As consumers we need competition to moderate pricing power. I may be “talking my book” here, but mortgage brokers bring competition to the market.
Now, if they’d just do something about all those financial institutions that are too big to fail.