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In reply to the discussion: The most disturbing thing about this Pedophile/Nobel Peace Prize nonsense? [View all]Celerity
(52,481 posts)As for corporate media consolidation, you can thank, to a significant degree, Bill Clinton for pushing for and then signing the horrid Telecommunications Act of 1996, which was just one of multiple very negatively impactful (in the medium to long term event horizons) major pieces of deregulatory legislation he promoted and signed into law.
Two other examples of that were the repeal of much of the FDR-championed Glass-Steagell Act via the Financial Services Modernization Act of 1999, and then the odious Commodity Futures Modernization Act of 2000 (re-legalising many types of the long-banned and infamously renamed 'weapons of financial mass destruction' known as derivatives), both of which played prominent roles in the underpinning of the global financial crisis of 2007 to 2009.
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