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Originally Posted by cfrizz
God you people certainly like to worry about things don't you?
Don't you think that Amazon knows that the Justice Dept. is keeping just as close an eye on them as they are the BPH-5? Don't you think the JD would jump all over Amazon if they started acting as badly as the BPH-5?
One thing Jeff Bezos isn't is stupid. Besides which, books are not the only thing Amazon has on its shelves.
Yes monopolies have abused their power in the distant past, but the JD now jumps all over these companies that get too big for their britches. Just ask ATT, Microsoft etc.
There are plenty of books out there to be read that are not connected to Amazon or the BPH-5.
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Frankly, no I don't think the the Justice Dept. is keeping as close an eye on them as they are the BPH-5 and that they will jump all over Amazon any time they act as badly as we are told that the BPH-5 were (note, they settled out of court without admitting guilt so nothing was ever proven in court. Most of the reports on what the BPH-5 were doing was from reports being feed to the press by the prosecutors). The Justice Department seems to be a lot more worried about grabbing headlines and extracting money out of companies than they are about actual wrong doing and punishing the guilty.
Amazon keeps very little cash on hand, especially compared to companies like Apple. It's actually a pretty good strategy if you want to keep off the Fed's target list. I noticed this week that the Feds extracted another billion plus out of a Swiss Bank without ever actually prosecuting anyone or sending anyone to prison.