Thursday, November 23, 2006

"MasterCard Rebuked at EU Closed Hearing..." (via Reuters)

The second largest credit card association was rebuked at the closed-door European Commission antitrust hearing. According to Reuters, MasterCard® argued that the complaint is "obsolete" due to its restructuring. But, anyone knows that even though you try to cover up your tracks, an alleged crime that occurred prior to going public is still a violation.

The Reuters coverage also mentioned that MasterCard "claim[ed] incorrectly that Britain had dropped an investigation into its fees."

[Source:, via Reuters]