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June 13, 2005
Congressman Opposing Municiple Telecom Will Benefit Financially
On the Huffington Post, Josh Silver has an interesting post about the financial background of Rep. Pete Sessions (R-TX), who has introduced a bill essentially banning municiple telecom (Another Corrupt Congressman from Texas: The Next DeLay?).
Sessions stands to gain as well. According to his "Financial Disclosure Statement for Calendar Year 2003," the former SBC executive owns $500,000 in SBC stock options and received more than $75,000 from SBC and its employees. It's no wonder he would sponsor legislation that is supported by nobody in this country except for the telecom and cable giants that punch his ticket. The Congressman's 2004 disclosure statement will be released June 15.
Cynicism about our regulatory structure seems appropriate in this case, I think. Read the whole thing.
posted by Ernest Miller |
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