To the People

The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or TO THE PEOPLE.

Wednesday, March 12, 2008

Sirius-XM Merger

Sirius CEO is "hopeful for a decision by the end of March". The market is reacting with a positive response, hopefully they agree with Mel. Let's hope it goes through soon, for the sake of shareholders, and for the sake of XM subscribers. Because the chances of XM surving on its own for much longer are debatable at best, and impossible at worst. The Feds have been dragging the approval or denial of this merger for over a year now, mostly because the National Association of Broadcasters have spent millions trying to stop this deal. Enough already, get it done.

Disclaimer: I have a limited position of Sirius stock, and am a XM subscriber. Still, the bureaucratic nightmare that has kept this deal from being completed makes the libertarian in me disgusted.

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