Here is the link to the story.
http://www.nytimes.com/2016/03/02/b...onspiracy-in-oil-and-natural-gas-bidding.html
http://www.nytimes.com/2016/03/02/b...onspiracy-in-oil-and-natural-gas-bidding.html
Highly illegal under the Sherman Antitrust Act to collude on bidding, or perform any territory assignment. It would be equally illegal if Pepsi entered into an agreement with Coke that they wouldn't sell in GA in exchange for Coke not selling in NY, for example. Also breaks the anti-collusion attestation you sign when you enter into any federal government bid. And yes, we should all be pretty upset when a private company steals from the government, that's all of our money. All but the craziest of the anti-gubmn't nuts can see that.I don't really view this as illegal. I mean it sounds like they were just agreeing on prices for the land?
Sounds like the government might have lost $$. Any1 upset they lost $$?
I only dislike the whole market maniupulation, spoofing, insider trading or basically anything where people will go outside the normal means of trading to make $$ AT THE EXPENSE OF SOM1 OTHER TRADER.
GL,
CBC
Wow. “He pretty much drove straight into the wall,” Balderrama said. “The information out there at the scene is that he went left of center, went through a grassy area right before colliding into the embankment. There was plenty of opportunity for him to correct and get back on the roadway and that didn’t occur.” - http://kfor.com/2016/03/02/police-former-ceo-of-chesapeake-aubrey-mcclendon-killed-in-car-accident/