Tuesday, May 16, 2006

Dump your Verizon stock

They played the game with Big Brother Bush, Inc., now they pay. And they will pay dearly later.

Verizon stock fell more than 1% (down $0.36 to $31.43) on the NY Stock Exchange on Monday, a reaction to a $50 billion lawsuit filed on behalf of Verizon subscribers.

"The Telecommunications Act of 1934 is as clear as clear can be," plaintiff Carl Mayer said. "You can't turn over the records of your customers and if you do so it's $1,000 per violation. The Constitution is very clear. The Supreme Court has consistently held that the Fourth Amendment prevents unlawful searches and seizures which we believe this to be."
Once again the Bush Administration demonstrates its incompetence:
Mayer said the information, only collected from landline subscribers, would not provide the government any information to help national security. "The terrorists are on the pay phones or using the prepaid phones," he said. "They are not on landlines so this entire exercise is another one of the administration arguments that we have to protect national security by doing something which doesn't have any protection for national security."
So ask yourself, what is the Bush WH doing with our phone records? I don't believe it has to do with national security. Oh, no.