Thursday, December 30, 2010

Banks Decide Where Money Can Be Used

This is frightening. Visa, MasterCard, PayPal, and Bank of America have refused to process payments to an organization that said that it will release data revealing corruption in the financial industry. Banks and credit-card companies create our medium of exchange. Money is "legal tender for all debts, public and private." Financial services companies cannot be allowed, on their say-so, to select who may and may not transfer and receive money.

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