« The Right's Intellectual Crackup | Main | The Swing Voter Financial Crisis »

July 15, 2002

FCC Chair Invites Bells to Buy WorldCom

Michael Powell, chair of the FCC, indicated in a Wall Street Journal article that the Commission would look favorably on a Bell takeover of WorldCom's assets. While not quite giving any deal a free pass, Powell said regulators "would take into consideration the duress and state of the market." As I've noted, I think the integration of unionbusting WorldCom into the union-friendly embrace of a company like SBC could only be a good thing for workers in the telecom industry. So for once, a Bush appointee is pursuing policy I agree with-- if only out of regulatory desperation.

Posted by Nathan at July 15, 2002 05:09 PM

Trackback Pings

TrackBack URL for this entry:

Listed below are links to weblogs that reference FCC Chair Invites Bells to Buy WorldCom:

» sex toys from sex toys
nicepost adult sex toys [Read More]

Tracked on March 5, 2006 04:12 AM


Such a deal would receive the benefit of the "failing firm defense," which is:

But for this acquirer, or one equally troubling, the assets would exit the market as an independent competitor. This doctrine is a widely accepted, mainstream component of antitrust/competition doctrine, although of course subject to misapplication.

Posted by: Jeff at July 15, 2002 06:35 PM

Post a comment

Remember Me?

(you may use HTML tags for style)