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Warren-AOC plan halts various mergers (including biz with $100M+ revenue and financial firms with $100M+ market cap, private equity, hedge funds) until the FTC certifies that small biz, workers, consumers "are no longer under severe financial distress."
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They plan to introduce this after Congress is back, I'm told. The legislation faces long odds while Republicans control the Senate and White House, but it raises the stakes for the election as nominee-apparent Joe Biden continues to work on his platform.
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The Warren-AOC proposal comes after , a key Democrat who chairs the House's antitrust subcommittee, voiced support for the idea of banning most mergers during COVID-19 last week.
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Thread — the case for a moratorium on mergers
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As @sahilkapur reports, @SenWarren and @RepAOC have called for a moratorium on mergers and acquisitions by large corporations and private equity funds for the duration of the COVID-19 pandemic and its aftermath. [THREAD] nbcnews.com/politics/polit
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Here's the case against the Warren-AOC idea:
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AOC and Warren jump on the bandwagon to get a temporary ban on mergers during the pandemic.
They have the right instinct, but it's the wrong answer to the problem trib.al/MgtyR0k
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It’s a very ideal plan. Equity firms have squashed competition, killed off independent contractors& destroyed many retail chains under tRUmp last 3 years❗️They added to unemployment.
I’ve seen first hand how they operate through my close friends who are independent contractors.
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Great that in times of stress we see their ideas and impact go down the toilet. Truth is the daughter of time.
If you get a chance please spread this around. The Navajo Reservation is really struggling. Many people don’t even have electricity or running water. We would like to send 100 solar gens and 100 water from air systems ASAP✊🏽😷
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Replying to @marwilliamson
If you get a chance please spread this around. The Navajo Reservation is really struggling. Many people don’t even have electricity or running water. We would like to send 100 solar gens and 100 water from air systems ASAP
twitter.com/terrence_str/s
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Victory
Our 2nd Solar Generator is on it’s way to the Navajo Reservation.Another family will go to bed tonight with electricity. Thank you all for standing with us. We did this using nothing but Solidarity.Truly an Amazing moment.Much more to come 
gofundme.com/f/PeoplesFund-
Our 2nd Solar Generator is on it’s way to the Navajo Reservation.Another family will go to bed tonight with electricity. Thank you all for standing with us. We did this using nothing but Solidarity.Truly an Amazing moment.Much more to come
gofundme.com/f/PeoplesFund-1
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