Flytrap #2 - Possible NSFW Content and WAW fail , Whiskey Bacon and tamale hootch

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OzSTEEZ

¡ɟɟo ʞɔnɟ ʇunɔ 'ᴉO
Nov 11, 2008
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Oz
Yea they did. Att broke up into seven companies.

through them buying each other and sbc eventually buying att, four are now back together.

Two more are now verizon, and the last one is part of century link.

4 is better than 1. And they stopped the AT&T T-Mobile merger. So this right here is the sweet spot.
 

b_sinning

Erect Member
Nov 22, 2004
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This is exactly what is being said here. And yes the banks have pretty much monopolized.

Plus the banks have an advantage over the telcos by pretty much regulating themselves. For an example of how noncompetive banks are starting to get look at how most of the major banks are implementing fees on debit card usage by nonpremium account holders at practically the same time.
 

ZRH

(retired?) Google-F.U.
Mar 5, 2005
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I'm suggesting you do the same with the banks because now they are too big to fail.
ATT had nothing to do with failure o_O It was about long distance fees.

"Too big to fail" has more to do with having largest banks backed by federal government. They started a policy of not letting insolvent banks fail. If they did these banks you keep talking about wouldn't even exist anymore and wouldn't need to be split up.

Either way, I use a local state chartered bank (assets under 7mill), and a credit union. No idea why retards flock to commercial banks because they have insanely bad rates, high fees, etc.
 

ZRH

(retired?) Google-F.U.
Mar 5, 2005
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Plus the banks have an advantage over the telcos by pretty much regulating themselves. For an example of how noncompetive banks are starting to get look at how most of the major banks are implementing fees on debit card usage by nonpremium account holders at practically the same time.
Bank of America has been screwing it's customers since it opened. I don't know why anyone uses it. If you look for a local bank you might get free debit+higher savings rate (2% interest on my checking account biatches).
 

OzSTEEZ

¡ɟɟo ʞɔnɟ ʇunɔ 'ᴉO
Nov 11, 2008
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Oz
ATT had nothing to do with failure o_O It was about long distance fees.

"Too big to fail" has more to do with having largest banks backed by federal government. They started a policy of not letting insolvent banks fail. If they did these banks you keep talking about wouldn't even exist anymore and wouldn't need to be split up.

Either way, I use a local state chartered bank (assets under 7mill), and a credit union. No idea why retards flock to commercial banks because they have insanely bad rates, high fees, etc.

From what I was told, the telcos were too monopolized, and the government feared that if the company went under for whatever reason, it would be a huge mess to maintain the telecommunications infrastructure.
 

ZRH

(retired?) Google-F.U.
Mar 5, 2005
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From what I was told, the telcos were too monopolized, and the government feared that if the company went under for whatever reason, it would be a huge mess to maintain the telecommunications infrastructure.
ATT was a holding company and long distance operator for the Bell System. Even if it failed essentially the individual Bell companies would be independent operators, which the government did as settlement in the monopoly case. The official reason for the breakup was that ATT was using profits from Western Electric (they made all the ATT phones, switchboard equipment etc.) to run it's long distance network and under price competitors like MCI.

There is a great statement by one of the people at bell labs right before divesture:
"There are two giant entities at work in our country, and they both have an amazing influence on our daily lives...one has given us radar, sonar, stereo, teletype, the transistor, hearing aids, artificial larynxes, talking movies, and the telephone. The other has given us the Civil War, the Spanish American War, the First World War, the Second World War, the Korean War, the Vietnam War, double-digit inflation, double digit unemployment, the Great Depression, the gasoline crisis, and the Watergate fiasco. Guess which one is now trying to tell the other one how to run its business?"
 

plot

Morning Boehner
Oct 16, 2006
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where's dave and chim?

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