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1 year ago ::
Dec 26, 2010 - 8:04AM
#8
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Here's a warning. «But a bank’s ability to block payments to a legal entity raises a troubling prospect. A handful of big banks could potentially bar any organization they disliked from the payments system, essentially cutting them off from the world economy. The fact of the matter is that banks are not like any other business. They run the payments system. That is one of the main reasons that governments protect them from failure with explicit and implicit guarantees. This makes them look not too unlike other public utilities. A telecommunications company, for example, may not refuse phone or broadband service to an organization it dislikes, arguing that it amounts to risky business. Our concern is not specifically about payments to WikiLeaks. This isn’t the first time a bank shunned a business on similar risk-management grounds. Banks in Colorado, for instance, have refused to open bank accounts for legal dispensaries of medical marijuana. Still, there are troubling questions. The decisions to bar the organization came after its founder, Julian Assange, said that next year it will release data revealing corruption in the financial industry. In 2009, Mr. Assange said that WikiLeaks had the hard drive of a Bank of America executive. What would happen if a clutch of big banks decided that a particularly irksome blogger or other organization was “too risky”? What if they decided — one by one — to shut down financial access to a newspaper that was about to reveal irksome truths about their operations?» www.nytimes.com/2010/12/26/opinion/26sun...
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1 year ago ::
Dec 23, 2010 - 4:47AM
#7
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MasterCard's selective service.... «Two weeks ago, MasterCard felt the wrath of Anonymous Operation Payback-style DDoS attacks after refusing to process payments that were intended to fund WikiLeaks, the website which began leaking confidential US diplomatic cables last month. Now, the company is preparing to head down another controversial path by pledging to deny transactions which support websites that host pirated movies, music, games, or other copyrighted content.» yro.slashdot.org/story/10/12/22/2113241/...
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1 year ago ::
Dec 22, 2010 - 5:10AM
#6
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Here's who. «Julian Assange has confirmed he's holding a trove of information about Bank of America, slated for release early next year.» www.huffingtonpost.com/2010/12/22/wikile...
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1 year ago ::
Dec 19, 2010 - 7:33AM
#5
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Here is a foretaste of what's coming out next year. «You could call it the ecosystem of corruption. But it's also all the regular decision making that turns a blind eye to and supports unethical practices: the oversight that's not done, the priorities of executives, how they think they're fulfilling their own self-interest.» voices.washingtonpost.com/political-econ...
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1 year ago ::
Dec 18, 2010 - 8:26AM
#4
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An Australian editor has a view about banks! «"We have been attacked, primarily not by government... although things are heating up now, but by banks, banks from Dubai, banks from Switzerland, banks from the US, banks from the UK, so yes of course we are continuing to release material about banks," he told CNBC television.» www.abc.net.au/news/stories/2010/12/18/3...
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1 year ago ::
Dec 03, 2010 - 6:40AM
#3
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This thread was moved from the Hot Topics Zone
Conservative, Libertarian, Life member of the NRA and VFW
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1 year ago ::
Nov 26, 2010 - 1:13PM
#2
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No different than the Israeli woman who kept a million dollars in her mattress. 
The dwarves of yore made mighty spells,
While hammers fell like ringing bells
In places deep, where dark things sleep,
In hollow halls beneath the fells.
For ancient king and elvish lord
There many a gloaming golden hoard
They shaped and wrought, and light they caught
To hide in gems on hilt of sword. - J.R.R. Tolkien
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2 years ago ::
Nov 25, 2010 - 4:17PM
#1
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This is a sad tale. A 68-year-old Essex panel beater and pensioner who didn't trust banks, and who subsequently decided to keep his savings in a canvas bag in his car, has lost it all to a thief or thieves when he accidentally left the money bag on the roof of his car and didn't realise his error until hours later, when he went back to find it gone. www.dailymail.co.uk/news/article-1332644... www.thisismoney.co.uk/news/article.html?... That a man would actually keep eighty thousand pounds (NZ $168,00.00 or $126,136.00 U.S.) in a bag in his car seems a little hard to believe, but I suppose it's possible. This sort of bizarre happening puts one in mind of the old adage: A fool and his money are soon parted. Nevertheless, the poor man has our sympathy and our sincere wishes that somehow his money is returned to him. And that, if this does happen, he takes it to the nearest bank.
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