Comcast Executives Appear To Share Cozy Relationships With Regulators
v3rgEz (125380) writes A month before Comcast's announcement of a $45B takeover of rival Time-Warner, Comcast's top lobbyist invited the US government's top antitrust regulators to share the company's VIP box at the Sochi Olympics. A Freedom of Information Act request from Muckrock reveals that the regulators reluctantly declined, saying "it sounds like so much fun" but the pesky "rules folks" would frown on it, instead suggesting a more private dinner later.
They invited them to a party Comcast was throwing at the Newseum in D.C., which is a far cry from "the company's VIP box at the Sochi Olympics."
Regulatory Capture results in regulators being captured.
And that's hardly anything new, either. Andrea Mitchell of NBC married Alan Greenspan in 1997; he was Chairman of the Fed at the time, and continued in that role until 2006. Nice little bit of "extraordinary access" NBC had there during Clinton's and W's presidencies.
Thanks to the War on Drugs, it's easier to buy meth than it is to buy cold medicine!
In my former hometown of Philly, there's a saying "you can vote for whatever you want, but you can't against Comcast." For all practical purposes they have a monopoly on wired Internet access in the city.