Hmm - even with our 'anti trust' regulations in place - we still were royally ****ed as a nation when various companies and banks folded.
I guess there's just no umbrella large enough.
A screaming comes across the sky.
It has happened before, but there is nothing to compare it to now.Pynchon - Gravity's Rainbow
Not the first time this has happened to AT&T. The last time I know of was in 1974 and was during Nixon's tenure:
Bell System Divestiture
------------The Bell System divestiture, or the breakup of AT&T, was initiated by the filing in 1974 by the U.S. Department of Justice of an antitrust lawsuit against AT&T. The case, United States v. AT&T, led to a settlement finalized on January 8, 1982, under which "Bell System" agreed to divest its local exchange service operating companies, in return for a chance to go into the computer business, AT&T Computer Systems. Effective January 1, 1984, AT&T's local operations were split into seven independent Regional Holding Companies, also known as Regional Bell Operating Companies (RBOCs), or "Baby Bells". Afterwards, AT&T, reduced in value by approximately 70%, continued to operate all of its long-distance services, although in the ensuing years it lost portions of its market share to competitors such as MCI and Sprint.
Also, the Microsoft Anti-Trust suit began during a GOP controlled Congress and finished while George W. Bush was president.
But you conservatives don't know anything about that, right? You guys would forget your penis if it wasn't attached.
Last edited by whysoserious; 09-01-11 at 11:31 PM.
Ted Cruz is the dumbest person alive.
They understand the commerce clause. Which more than I can about you.Conservatives love the market economy and Constitution, yet apparently you couldn't be bothered to understand either. At least not if it gets in your way of hating Obama.
Last edited by Henrin; 09-02-11 at 01:24 AM.