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Which is accumulate an extraordinarily large number of advisors, outside consultants and in that scenario you end up kind of almost always with a race to the bottom. it's like the high minded advisers always lose out to advisers who want to play knife fight politics because that's the argument. you're in a knife fight and you have to get down in the gutter and fight your way out. nick, you were talking about antitrust enforcement. i heard a specific thing not about antitrust but the political landscape. microsoft is tgot in trouble wh the clinton administration on one side and orrin hitch, the...

>> renato, i want you to weigh in. before you do that, i want to remind our viewers of what the president said before and after the election about the at&t/time warner merger. here it is. >> at&t is buying time warner and thus cnn, a deal we will not approve in my administration because it's too much concentration of power in the hands of too few. personally, i've always felt that that was a deal that's not good for the country. i think your pricing's going to go up. i don't think it's a good deal for the country. >> i mean renato, come on, was this always political? >> i think so. frankly, wh...

Attorney michael cohen. they paid cohen $660,000 in 2018. those are political consultation fees to help understand where president trump stood on regulatory issues, tax reform and antitrust enforcement. but some are questioning the nature of the relationship. at&t, by the way, is trying to purchase as its parent company time warner. back with us, chris cizzilla and kristin. putting out a statement, our company has been in the headlines for all the wrong reasons these last few days and our reputation has been damaged. there is no other way to say it.

Paid michael cohen for was to get his expertise on the issues of regulatory reform at the fcc, also corporate tax reform, and antitrust enforcement in the federal government. after a few hours, perhaps because at&t realized that even michael cohen would probably find that explanation of his expertise laughable, at&t decided that they would change their story. by the end of the day today, they put out a new explanation for why exactly they paid this man $50,000 a month, and their later explanation later in the day was slightly less implausible. quote, it was to pay for an understanding of the i...

2018. well, at&t now confirms that the company did pay michael cohen, but they say actually they paid him a lot more than that. they say they paid him triple that. those $50,000 monthly payments to michael cohen didn't just happen four times at the end of this past year and into january. they say they paid him 50 grand a month for an entire year. so at&t is admitting they paid cohen, but they're saying they didn't pay him 200 grand, they paid him 600 grand. initially at&t put out a statement saying that what they paid michael cohen for was to get his expertise on the issues of regulatory refor...