Sunday, December 26, 2010

Visa, MasterCard and PayPal announced in the past few weeks that they would not process any transaction intended

This is troubling information...after seeing everything the big bank's have done and got away with. Do they have any rules or regulations they have to follow except the one's they make up, and are to damn complicated for most people to understand. I don't remember hearing anything about the bank's or credit card companies having issue's or concerns with the information WikiLeaks was putting out there before their names popped-up. Please, point me to the stories if I'm wrong. The information Wikileaks has been privy too and releasing to the public has been troubling and damning because it's been documented and honest. Now for the banks and credit card company's to cut off payment's intended for Wikileaks just after Assange said he would release information documenting corruption in the financial industry, probably has these guys wetting their pant's. Or maybe not, they seem to get away with everything...right? We all know they're corrupt, that ain't no secret. They were going belly up not even a couple years ago and look at the bonus's they have paid out this year. How does that happen? The government know's they're corrupt, but they don't do anything because they line their coffers and keep their war chests bulging. But they'll try to convince us's the same game. If Wikileaks really has some damning news, I hope it's something we can use to fix the widening gap between the rich and the poor, between Wall Street and Main Street.

Amplify’d from

Visa, MasterCard and PayPal announced in the past few weeks that they would not process any transaction intended for WikiLeaks. Earlier this month, Bank of America decided to join the group, arguing that WikiLeaks may be doing things that are “inconsistent with our internal policies for processing payments.”

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.

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.


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