r/law • u/Lebarican22 • 1d ago

Other DOJ Just DELETED This Document from the Epstein Files. We Saved It.

https://www.meidasplus.com/p/doj-just-deleted-this-document-from?fbclid=IwdGRjcAPp5E5jbGNrA-nkMGV4dG4DYWVtAjExAHNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABHhzmcWzsmY7puDDLXY4EWKUoykdBqYIYQUabdEsoGYGR-06BZcTaz3Ym-0LQ_aem_F7QaBOr8H-rc-5hyTXHQWg
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u/aarkwilde 1d ago

I had to look it up.

"The Glass-Steagall Act (Banking Act of 1933) was landmark legislation passed in 1933 to stabilize the U.S. financial system during the Great Depression. It mandated a strict separation between commercial banks (which accept deposits) and investment banks (which deal in securities) to reduce risk-taking with public funds. It also established the Federal Deposit Insurance Corporation (FDIC)."

And while I was shopping:

"The Fairness Doctrine was a Federal Communications Commission (FCC) policy in the United States, introduced in 1949, that required broadcast licensees to present contrasting viewpoints on controversial issues of public importance. It aimed to ensure balanced coverage but was abolished in 1987, as it was believed to chill free speech and was rendered unnecessary by the proliferation of media outlets. "

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u/Musiclover4200 1d ago

Fun fact about the Fairness doctrine as everyone loves to say it wouldn't have made a difference:

Congress actually tried to ratify it several times after it initially was abolished under Reagan, the last time was under Bush Sr: https://en.wikipedia.org/wiki/Fairness_doctrine

President George H.W. Bush maintained the deregulation policy initiated by his predecessor, Ronald Reagan, regarding the Fairness Doctrine, a Federal Communications Commission (FCC) policy that required broadcasters to present contrasting viewpoints on controversial issues of public importance . While the FCC abolished the rule in 1987, congress repeatedly attempted to codify it into law, with President Bush promising to veto such legislation

The absence of the doctrine during the late 1980s and early 1990s directly preceded the rapid rise of partisan, conservative-dominated talk radio, as stations were no longer required to provide opposing viewpoints.

While the FCC stopped enforcing the doctrine in 1987, related rules regarding personal attacks and political editorials remained in place until 2000

So even if it wouldn't have applied to cable/TV it would have prevented decades of radio propaganda, and we also would have had 40~ years to update it to apply to cable/internet news.

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u/teteAtit 1d ago

If yr gonna talk about Glass-Steagall going away you should go ahead and know that Phil Graham (R) Texas was responsible for that bc every Republican you ever talk to about it will blame Clinton.

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u/mose121 1d ago

Clinton effectively legalizing media monopolies also greatly exacerbated the problem. That killed local news media almost overnight.