February 4, 2013

UK Takes On ‘Too Big To Fail’ Banks

There is no political will in the United States to do what’s necessary to make sure we don’t see a repeat of the 2008 financial meltdown. The reason might be more complex, but at the root of it is this: money in politics. Our elected officials are beholden to the banks, not the citizens. Across the pond, some are showing the political courage necessary to stabilize the financial system, and make it more amiable to the average person. If successful, banks in the UK will no longer be able to gamble with customer deposits. No longer will banks lean on taxpayer bailouts to hedge against unnecessary risk.

∼ Continue Reading ∼

• • •

January 28, 2013

Want To Unlock Your Cell Phone? – It’s Now Illegal

Over the weekend it officially became illegal to unlock your cell phone. That means you can no longer switch carriers, at least not with subsidized cell phones, and well, at least not legally. This is yet another example of greed run amok, which is what happens when you have unfettered capitalism. We’ve allowed the rights and privileges of corporations (remember, corporations are people too!) to rise above the rights and privileges of the common citizen.

∼ Continue Reading ∼

• • •
1 … 17 18 19 20 21 … 37