Thursday, October 22, 2009

Priceless by Lloyd Constantine


Priceless is an effort to stop certain business practices and alter the anticompetitive structure of an industry using US Antitrust laws as the instrument of change.

Told in the first person, Lloyd takes us into the inner workings of the case that brought down the Visa/Mastercard bank cartel. Lead counsel on the case, he shares with us how he won, saving merchants and consumers over 87 billion dollars.

If you love legal drams, you will probably enjoy Priceless. Sometimes all the technical wording became too much for me, but they are relevent to the story. Wal-Mart, The Limited, and Circuit City are just a few of the five million stores listed in the case. Mr. Constantine's political involvment prevented him from sharing his story until now.

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The old grey donkey, Eeyore stood by himself in a thistly corner of the Forest, his front feet well apart, his head on one side, and thought about things. Sometimes he thought sadly to himself, "Why?" and sometimes he thought, "Wherefore?" and sometimes he thought, "Inasmuch as which?" and sometimes he didn't quite know what he was thinking about.

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