Those wacky California bureaucrats are at it again! Reporting by the Wall Street Journal says that Golden State regulators “moved ahead Thursday with an investigation into AT&T Inc.’s $39 billion purchase of T-Mobile USA, raising a fresh hurdle for the U.S. wireless giant as it seeks the government’s blessing to acquire its third-largest competitor.”
The report goes on to explain that AT&T doesn’t need California’s blessing, only a green light from the Federal Communications Commission (FCC). Nonetheless, California’s objection could “carry weight” with the FCC’s board of governors, potentially scuttling the merger. Not bad for a group of regulators with zero jurisdiction over the matter.
With California staring at a multi-billion dollar deficit, perhaps this is the kind of government agency whose funding should be cut – or eliminated.