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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
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Thursday, February 4, 2010

Corporations are ruled as same rights as people

The US Supreme Court ruled corporations have the same rights as people, specifically around Free Speech. The amount of money that corporations will exert on politicians will now escalate and dwarf any citizen funding campaigns. Politicians will not need support of citizens, except at the polls. And given two choices, both funded by companies and not by the people, the results will represent the companies.

UPDATE: Same day, downgraded wording from:
I consider this a Financial Ground Zero moment, just as the repeal of Glass-Steagall act in 1999 and the decision to back Fannie Mae and Freddie Mac with unlimited funds by the US government. For more information and to become active to turn this action around, see more at http://freespeechforpeople.org/

To:
I consider this a POTENTIAL Financial Ground Zero moment. Watch this counter argument by clicking here. For more information and to become active to turn this action around, see more at http://freespeechforpeople.org/



Thanks to my brother Ray for the link

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