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		j_baker on Sept 21, 2010 \| parent \| context \| favorite \| on: So A Blogger Walks Into A Bar… It turns out that banks are exempt from antitrust laws: http://en.wikipedia.org/wiki/United_States_antitrust_law#Exe...

dschobel on Sept 22, 2010 [–]

You're referring to the Edge Act [1][2] and that only applies to US banks' foreign operations (their subsidiaries, to be specific).

It is still very much illegal for them to collude against US customers.

[1] http://en.wikipedia.org/wiki/Edge_Act

[2] http://www.answers.com/topic/edge-act-corporation

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