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August 26, 2011


Andros Pelecanos

I somewhat agree with you there J Fernandez.

Complete consolidation of markets and industries is likely to have a net negative in the long run. With that being true, I think regulators need to wise up and create mechanisms that can help to more effectively combat the trend where there are fewer and fewer corporations growing larger and larger in influence and capital.

It's a net negative because the larger a corpororation grows the more a nation depends on their success. The more this is true then the more the opposite is true too, that failure (or bankruptcy) slowly stops becoming an option.

And when the balance sheets show an impending bankruptcy looming, that's when regulators will realise that since failure is not an option, they'll have to bail-out the corporation. And what that amounts to is the sponsoring and rescue of bad practices and bad decisions.

Being forced to sponsor a failure has a term: Liability.

Nations have to make sure that they're never forced into a position where they have no choice but to sink funds of future generations into liabilities. It's a vicious downward cycle where the best way to get out of it is to not get into it in the first place.

Saying no to this merger is a start!

J Fernandez

I am opposed to this merger in an era where jobs are scarce another huge company seeks to force government regulators to approve their making a move which reduces competition and jobs, opens the door for price increases in another booming industry, telecommunications.

I recall when AT & T bought Pacific Bell here in California and eventually not only moved out of the state to Texas, I believe, but in its wake took a direct hit at the Communications Union that was thriving, as well as the thousands of jobs.

I am very supportive of progress and expansion, but not when it is wrong-headed public policy and makes the rich and powerful richer and more powerful at the expense of the public. Enough of this!

American politicians and governmental regulators need to get a clue, step up and start to function on behalf of the public and the people of this country, rather than making decisions which solely benefit their own agendas!

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