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Beware of Consultants Bearing Rosy News About Mergers

Original story at Bloomberg View• 4 mentions • 4 days ago

Bloomberg View 4 days ago

 
Don't worry. The economist said we were cool. Photographer: Attila Kisbenedek/afp/getty imagesFacebook Twitter Email Print Share EconomicsNoah Smith is a Bloomberg View columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.Read More.Feb 17, 2017 6:00 AM ESTa | AByAmid the blizzard of election news last November, two writers at the nonprofit news organization ProPublica came out with a startling investigative report. Jesse Eisinger and Justin Elliott wrote about a small but very wealthy group of American economists who make millions of dollars helping companies deal with the federal government on antitrust cases.
 
 
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What they're saying:

18 Feb
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It makes sense to take a harder look at antitrust policy in general and merger consultants more specifically https://t.co/0CeZKYRwfE
17 Feb
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Some economists get super-rich using questionable models to help companies legally increase their monopoly power: https://t.co/hZFMpLcKNF
17 Feb
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Beware of economists like Dennis Carlton paid $100 million to whitewash mergers @noahpinion https://t.co/IfvaUy56tR
17 Feb
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Beware of consultants bearing good news about mergers https://t.co/BO01PGdNV8 via @BV https://t.co/28KfrnerH4