[Hac-announce] Conversation 5/1/10, 14:30.

[L.M.C. Harvey]

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Just
a Reminder folks!  We'll meet 5/1, at 2:20pm 





Bill Moyers'
Journal,  April 23, 2010         All of the following text  is a paraphrase of  the dialog between Moyers and his guests. 






Will Lawmakers Regulate in the
Public Interest:  Communications /
Financial Industries.
 

Part
One:       Financial 

Guest:  Wm. K. Black, author of           "The Best Way to
Rob a Bank Is to Own One." 

   

BM:  You probably heard the President speaking in
New York yesterday, stumping for more regulation of Wall Street….  Obama, "There is no dividing line between
Main Street and Wall Street," recent speech.   [The]  word "fraud" pops up more and more
as we dig deeper into Wall Street's outrageous behavior during the run up to
the great collapse of 2008.  

   

WKB:  Fraud is deceit. And the essence of fraud is,
"I create trust in you, and then I betray that trust, and get you to give
me something of value." And as a result, there's no more effective acid
against trust than fraud, especially fraud by top elites, and that's what we
have… a "criminogenic" (analog of pathogenic) environment in which
fraud is cultivated.  An example of the
fate of those who drew attention to the problems is Matthew Lee who in his testimony
before a Congressional hearing provided a succinct timeline of his reporting a
major problem and being peremptorily fired from Lehman Bros.   Legal oversight
is disregarded because contemporary economic theory says fraud cannot exist -- the
market will cleanse itself…. 

   

   

   

Part
Two:
      Broadband  ---  Net
Neutrality 

Guest:  Michael J. Copps,  FCC Commissioner, professor, author 

   

BM: 
What is net neutrality mean?  And what
is basis of the recent Appeals Court decision that the FCC has no grounds for regulating
providers? 

   

MJC:  During the Bush Adm, the FCC changed the
definition from a communications system to an information service.  MJC believes that all media form an
environment of communication into which all our sources of information are
moving.  This creates a "legitimate
public interest in oversight" and that the status of broad band can be restored
to it's previous definition within the existing charter of the FCC. 

   

The recent attempts/proposals by service
provider(s) to create tiers of service prioritizing large vs small users is
seen as violating the principle of free web access which is expressed in the
term net neutrality. 






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