Eighteen months ago the trust-busting division of the Department of Justice got its ears pinned back by crusty Federal Judge Ferdinand A. Geiger. When he found out that the Department was quietly discussing a consent decree with big finance companies and automobile manufacturers while a grand jury at Milwaukee was mailing an anti-trust investigation of motormakers' financing relationships, he denounced such shenanigans, summarily discharged the grand jury.
Since then the trust-busting division has been queasy of talking to industries it was prosecuting, fearful of laying itself open to the indignation of hard-boiled Federal Judges, and of public suspicion that it is...