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Politics : Formerly About Advanced Micro Devices
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To: joseffy who wrote (863774)6/9/2015 1:30:19 PM
From: joseffy1 Recommendation   of 1577075
 
Obama has an offer that AT&T can't refuse
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Washington Examiner ^ | 6/8/15 | Washington Examiner


AT&T wants to make a deal. America's second-largest mobile telephone provider and its largest landline provider wants to purchase DirecTV, the satellite television provider, for $49 billion.

Regulators routinely have to sign off on such mega-deals. At least in theory, they do so in the interest of protecting the freedom of the marketplace from monopolistic practices.

But in this case, the regulators are not protecting consumers — instead, the Washington Post reported last week, the Federal Communications Commission appears to be using this deal as a bargaining chip to buy off one of the larger and better-funded sources of opposition to its Democratic commissioners' net neutrality agenda.

Essentially, it appears that AT&T will get its deal as long as it agrees to stop resisting and accept the FCC's restrictions on its Internet service. It's a quid pro quo in which the regulators make trades to increase their own power instead of protecting consumers.

(Excerpt) Read more at washingtonexaminer.com ...
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