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So why is the American Bankers Association one of the sponsors of a bill that seems awfully remote from its terrain? The bill allows anyone to send a complaint about a purported SOPA violation and get the site disappeared. This faster and more brutal than the execution of Wikileaks via cutting off its access to payment networks.
Why Banks Back SOPA, the “Bring the Chinese Internet to America” Bill
Seeded on Wed Jan 11, 2012 11:14 AM EST
Article Source: naked capitalism
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Author: And it isn’t just the banks that favor SOPA. So too does the AFL-CIO.
The Internet lets people talk to each other. What this bill does is go after that feature in the name of attacking crime. Does crime require that people talk to each other? Yeah. So does everything else. Legacy organizations, be they banks or music companies or Big Pharma or the AFL, are willing to sabotage open communications if they think it will help assure their survival. And given how banks’ ability to loot depends on ignorance of how extensive and nefarious their abuses are, their motivation to shut off information is high indeed.
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