The Yale Law Journal

Graham S. Steele


Banking and Antitrust

Saule T. Omarova & Graham S. Steele

This Essay seeks to recover the deeply rooted connection between U.S. banking law and antitrust. It reconceptualizes banking law as a sector-specific antimonopoly regime that imposes multiple structural constraints on publicly subsidized banks’ ability to abuse their power over the supply and alloca…