"Race is on to let phones act like credit cards" by Claire Cain Miller and Matt Richtel, New York Times | June 22, 2009
SAN FRANCISCO - Investors, start-ups, and major corporations are pouring money into services that make it easier to use cellphones to buy goods and transfer money.
Where TF are they GETTING the MONEY (read to end)?
The aim is to turn phones into virtual credit cards or checkbooks, enabling the kind of click-and-buy commerce and online banking that people have come to expect on their PCs....
Into the river with the damn thing!
The race is on to develop new payment systems - and to get several percentage points in fees from each transaction.
Translation: How can we create an economy?
Here is another way: Al Gore Gasses Up Massachusetts
Yeah, so HE can TRADE in the CREDITS -- for a SLIGHT FEE, of course!!!!
PFFFFFFFFFFFFTTTTTTTTT!
Suck on that, Al!!!!!
“A lot of big players with big bucks are investing a lot of money in this,’’ said J. Gerry Purdy, an industry analyst for Frost & Sullivan, a market research firm. “They’re seeing that returns could be so huge.
Do you like being taken advantage of, Americans?
QUIT TEXTING and PUT THAT DAMN THING DOWN!
Ooooooooooh!! They are GETTING the $$$$ from YOUR PENSIONS, America!
That is WHY you are LOSING VALUE -- and why TUITION is SO HIGH!
--more--"
That's why I'm not a big fan of technology. It's either a data-mining, data-tracking tool or turned into some marketing product.
Think Shitter, I mean, Twitter, folks!
Here is a reason I'm not so hot on the USURIOUS, CRIMINAL, MONEY-LOOTING BANKERS!!!
"Creditors use loophole to seize funds" by Associated Press | June 3, 2009
WASHINGTON - Bill collectors are exploiting a legal loophole to seize Social Security and veterans' benefits even though federal law is supposed to protect the payments from creditors.
Oh, yeah, sthupport the troopsth, you filthy fucking leeches!!!!
Yeah, I used the curse word because THIS CRAP BURNS my BRAIN!!!!! You SEND THEM OVER THERE on the basis of the MOST UNHOLY of LIES and then FUCK 'EM when they GET BACK HERE!!!!
My military budget: Money for CALLING the EMPIRE HOME and FULL; MEDICAL COVERAGE and CARE for the VETS -- and that means EVERYTHING THEY NEED!!!
Weapons programs, war-looters, YOU are ALL OUT of BUSINESS! You'd be lucky if I could keep the population from your scalps!
Lawmakers from both parties who have been pressing the Treasury Department for years to close the loophole with new regulations are growing impatient. The Obama administration is now promising action but has offered no timetable for developing the new rules.
This is SOOOOO DAMN FAMILIAR!!!
How come YOU have to WAIT FOREVER, American, while BANKS get THERE DOUGH RIGHT AWAY -- and DON'T HAVE TO ACCOUNT for WHERE IT WENT!
Federal law has long protected Social Security and veterans benefits from most creditors, with a few exceptions for child support, alimony, unpaid federal taxes, and debts to other federal agencies.
Do they GO AFTER WAR LOOTERS? No, they REWARD THEM!!!!
Related: Iraq for Sale
But creditors have been seizing the payments anyway by getting court orders to freeze and garnish bank accounts that receive the benefits through direct deposit.
I knew there was a nefarious and ulterior motive behind that when they started! I have actively resisted that wherever I've gone. Gimme the check and let me go talk to the tellers -- so THEY can KEEP THEIR JOB!
Activists say the issue has festered for years, but has intensified as more recipients get their benefits deposited directly into bank accounts.
See how this government CARES about ITS TROOPS (and us, too) that they SENT TO WAR over LIES?
Yup, WAITING YEARS!!!!!!!!!!!!
Many people who receive Social Security or veterans benefits can't afford to have their bank accounts frozen for even a short period of time, said Margot Saunders of the National Consumer Law Center. It's hard to hire a lawyer to get your money back when all your resources are frozen, she said.
Oh, I think you GET the MESSAGE, though!
CONGRESS is WORKING FOR and IN the POCKET of the BANKS and TODAY MADE that SO CLEAR TO ME! It is like smelling a SOUR, RANCID, FETID, FERMENTED, WIDE-OPEN SEWER that it is IMPOSSIBLE to IGNORE! This WHOLE SYSTEM needs to be SCRAPPED!!!
The Paulites are RIGHT! END the FED (I haven't seen a word of that audit bill in the Federal Reserve Globe, 'er, Boston, I meant Boston Globe).
"They take all your money, and they take it illegally," Saunders said. "But when you live on $700 or $800 a month and have all that money garnished, there's very little recourse."
Bankers say they are often confronted with court orders to garnish accounts that include deposits from multiple sources - including money that is not protected from creditors. They often respond by freezing the account while the bank customer and the creditor resolve the issue, said Mark Tenhundfeld, a senior vice president of the American Bankers Association.
"The banks want to do the right thing," Tenhundfeld said.I just want to know how the s*** gets past the taste buds.
--more--"
