To get you ready for @CharlottesWWWeb live tweets, it is a great time to look at @EquitableGrowth's "The State of U.S. Federal Antitrust Enforcement" equitablegrowth.org/wp-content/upl…. Lots of graphs.
New Criminal case, whether measured by cases, individuals charged, or corporations charged are at historically low levels.
Looking at criminal resolutions, corporate criminal convictions have been declining.
Corporate fines for antitrust violations seem tell a different story. But, see Jon Connor's excellent piece on criminal enforcement. papers.ssrn.com/sol3/papers.cf…. Turns out the 2017 number is so high because DOJ reports based on when the fine is collected.
Turns out, 94% of the fines collected were for cases in which the case was resolved and the plea entered in 2014 or 2015. Take those cases out and DOJ collected just over $100 million in fines. For more information on criminal antitrust, check ou @AntitrustInst
Individual fines do not show a similar decline
As to merger enforcement, merger filings have nearly doubled since 2010, but enforcement actions have been flat.
And civil nonmerger enforcement is also at a historic low.
As to appropriations, in real terms, the FTC's and DOJ Antitrust Division's budget are 18 percent lower than in 2010.
Although in the weeds a bit, the agencies collect fees for reportable mergers, with the fee based on the size of the deal with three tiers. The highest fee ($280000) applies to deals above $900 million.
Here's the odd thing, deals greater than five billion account for only 5 percent of the fees collected, but almost 1 out every five second requests . The report itself discusses potential reasons for these trends and, more importantly, questions they raise. /end

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Michael Kades

Michael Kades Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(