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  • A Google-Verizon Truce On Internet Regulation?

    Google and Verizon, two of the leading antagonists in the long-running drama over FCC net neutrality regulation, may be about to call a truce.   According to numerous media reports, the two firms have or will soon agree to a compromise framework for regulation, which would provide for a limited degree … More

    Free Lunches and Foodfights: Fannie and Freddie Say ‘No’ to Greens

    Fannie Mae and Freddie Mac are not known for overly cautious mortgage financing. To the contrary, their open wallets helped fuel the credit crisis of 2008, and drove the two into federal receivership. To date, taxpayers have paid some $145 billion to keep them afloat, with no end in sight. … More

    Linguistic Gerrymandering: The FCC Moves to Regulate the Internet

    It’s been a bad week for the rule of law. First, President Obama — without any apparent legal authority — “informs” BP that it is to hand over $20 billion into an escrow fund, or else. Not to be outdone, the Federal Communications Commission this morning voted 3-2 to take … More

    Free Markets in Escrow: Obama to “Inform” BP to Pay Into Fund

    Today at 12:15, President Obama is scheduled to meet with a delegation from BP — including its CEO Tony Hayward — at the White House. The encounter should be tense. The stage was set for the meeting last night when the president, in no uncertain terms, told the nation that … More

    Financial Regulation: Small Business, Little Role

    It’s a small issue, but a telling one. As the Senate continues to debate financial regulation, two senators — Olympia Snowe of Maine and Mark Pryor of Arkansas — have proposed an amendment to ensure that regulators consider the effects of new rules on small businesses. Specifically, the two would … More

    No-More-Bailouts Bill Springs a Leak: Fannie and Freddie Ask for More

    Supporters of Sen. Chris Dodd’s financial regulation bill say it will end financial bailouts. In fact, the Senate — anxious to reassure Americans on that fact — even added an amendment last week with a stated purpose “[t]o prohibit taxpayers from ever having to bail out the financial sector.” But … More

    FCC on Broadband Regulation: “No, Wait, It Is a Duck After All”

    The Federal Communications Commission is nothing if not persistant. Exactly one month ago today, a federal appeals court unanimously ruled that the FCC had no authority to regulate the Internet. But yesterday, FCC chairman Julius Genachowski announced the agency would try to do so anyway. Specifically, Genachowski wants to put … More

    The Bill Is Still Flawed

    The latest word today is that the GOP is standing down from its standoff over the Senate’s financial-regulation bill. Specifically, word is that Republican leaders will now let the bill proceed to the floor, having received assurances that provisions for creditor bailouts will be removed. That’s not an insignificant improvement, … More

    President Obama and Wall Street: Good Goals, Bad Plan

    President Obama went to Wall Street today to make the case for financial regulation. Putting aside the bank-bashing rhetoric employed just a few months ago (“…if these folks want a fight, it’s a fight I’m willing to have“), this time he was measured in his rhetoric, making the case for … More

    Obama: Read My Lips, No More Bailouts (But Let’s Keep $50 Billion Around Just in Case)

    President Obama met today with members of Congress to jawbone them on the pending financial reform bill. A key part of his message: “we must end taxpayer bailouts.” Few statements are less controversial than that. Nobody wants to see more bailouts. But wait a second. Doesn’t the very legislation he’s … More