Spectrum of Greed

FUBAR Communications Commission (according to Lessig?)

While manufacturing, finance, construction, real estate and most other industries are awash in red ink and reeling from Ponzi scheme’s and bad financial decisions, there is one place where currency is flowing against the tide - wireless telecom.

How could this be? Well, it all started back during the primary election excitement in the first few months of 2008. While Oprah and the country were trying to determine who would be the Democratic and Republican front runners, the FCC was doing what it does best, moving stealthily behind the headlines, inviting a few close friends in, and asking them just how much they would be willing to pay for the exclusive rights to some radio spectrum that they were taking away from the TV stations because they didn’t need it anymore. (continue reading…)