Big corporations are exploiting this crisis by targeting small businesses with cheap, predatory takeovers. @SenAmyKlobuchar, @DavidCicilline & I want the Fed & Treasury to restrict corporations that get bailouts from these harmful mergers & acquisitions. politico.com/news/2020/05/1…
Small businesses form the backbone of our economy. The Fed & Treasury should do everything they can to help them stay afloat. Bailing out giant corporations & letting them gobble up struggling mom-and-pops to increase their market power does exactly the opposite.
We know what happens with market consolidation. Major job losses. Price increases. Less innovation. Fewer start-ups. The Fed & Treasury should use their authority to stop predatory corporate behavior during this pandemic that will make our long road to recovery even more painful.
