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Keep in mind that Clinton also signed the Telecommunications Act of 1996. A few key things that this act did: - Allow for consolidation of radio stations (and
by warfangle 13y ago
Keep in mind that Clinton also signed the Telecommunications Act of 1996. A few key things that this act did:
- Allow for consolidation of radio stations (and thus, the meteoric rise of ClearChannel)
- Allow for consolidation of telecommunications companies (and thus, almost the major phone service companies are the progeny of the Baby Bells)
It also did some very good things, like requiring entrants into the data services market to interconnect with incumbents.
But it also allowed telecoms to rip off the USGOV and taxpayers in extraordinary lengths (see previous discussion on HN: https://news.ycombinator.com/item?id=7021057 https://news.ycombinator.com/item?id=7021057 )
- saalweachter 13y agoAs long as we're cataloging Clinton's sins, don't forget repealing Glass-Steagall.