In yesterday’s post we looked at the issue of regulatory independence, and how the mandate of regulators can be manipulated and warped to serve the so-called ‘greater good’. In that post we focused on the FCA with regards to its bending for Saudi Aramco and the impending record-breaking IPO, but today we shall look at something far more political. This is not to say that the FCA bending for Saudi Aramco, in light of the impending uncertainty that is Brexit, is not a political issue, which of course it is, but the case we are focusing on today is particularly political and, potentially, has incredibly wide-reaching consequences. The case in point for this post is the news that the potential merger between AT&T and Time Warner is being held up by the Justice Department, with the alleged sticking point being that Time Warner (and AT&T once they merge) must sell the company that owns CNN. Whilst this may seem inconsequential, the connection between CNN and US President Donald ...