Daily Archives: 09-04-11

A Bit more “robust” than the nanny state

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Posted by m3t00 on 09-04-11 – 04:21:pm
under digital, government, law, network, privacy, security, trend

"Statebook" logo

Here.

(hk)

Fundamentally un-American

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Posted by m3t00 on 09-04-11 – 09:37:am
under economics, finance, government

Douglas Leech, founder and CEO of Centra Bank, a WV bank that took money from the gubmint then returned it when the gubmint imposed new conditions:

“What they did is wrong and fundamentally un-American,” he said. “Even though the government told us to take this money to increase our lending, the extra charge meant we had less money to lend. It was the equivalent of a penalty for early withdrawal.”

The equivalent of a penalty for early withdrawal from... a bank account!

(nyt)