Anonymous ID: e3a150 Feb. 20, 2020, 12:36 p.m. No.8197473   🗄️.is 🔗kun   >>7505 >>7583 >>7650

‘Mafia’ Michael Bloomberg, The Bailout Billionaire (1 of 2)

 

The Chief Investment Officer for Motley Fool Asset Management described presidential candidate Michael Bloomberg’s stranglehold over the financial industry as “the closest thing to a mafia power that exists in finance”.

 

Then -CIO Bill Mann appeared on a Motley Fool financial podcast in 2016, discussing the Bloomberg Terminal apparatus that accounts for a vast majority of Mayor Michael Bloomberg’s immense wealth –much of it from clients funded by the Bush/Obama-era bailouts. The Bloomberg Terminal – effectively a custom keyboard and dual monitors paired with proprietary “Bloomberg Professional” software – has become a mainstay of corporate elites since the 1980s. “…I don’t just mean New York City, I mean San Francisco, Tokyo, Kazakhstan, whatever, whoever’s in finance,” Mann added.

 

While some major firms have made noises about moving away from the kit designed by Michael Bloomberg, the reach is still expanding, with around 330,000 Terminals allowing real time access to market data, shipping information, and corporate insider info in use today. “I’m trying to use a word other than ‘mafia’, but I’m going to fail at it,” said Mann. “I think Bloomberg is the closest thing to a mafia power that exists in finance, because it is such a default, and they have been able, for years, to come in and say, ‘Well, this is our pricing. Discount? No. There’s no discount. This is our pricing.’”

 

Bloomberg’s client list also includes you, the tax payer, with cities such as Oceanside, California operating Bloomberg Terminals at market rates. The extent to which Bloomberg LP provides to the public sector is unclear, and Michael Bloomberg still controls 88 percent of the private company, which is notoriously secretive about its arrangements.

 

https://thenationalpulse.com/commentary/michael-bloomberg-mafia-power/

 

*Note: Every word of this article seems to scream Project Looking Glass, which begs a few questions: Is this being used as a blackmail tool? Is Mike Bloomberg CIA? Did the CIA help to create this just like FB, Twitter, in other words do all his data belong to us?

Anonymous ID: e3a150 Feb. 20, 2020, 12:58 p.m. No.8197634   🗄️.is 🔗kun

Attorney General Barr Considers Making it Easier to Sue Big Tech Companies

 

Attorney General William Barr recently spoke out against a crucial law that currently protects most of the Big Tech companies from legal action over deplatforming, according to The Daily Caller. At a Department of Justice workshop on Wednesday, Barr said that he believes Section 230 of the Communications Decency Act needs to be changed, since “the internet has evolved significantly since [it] was passed.” While the law was “vital to protecting new technology in its incipiency,” Barr said, the internet has since “become essential to people’s daily lives, often serving as the primary conduit for how we receive and share information.” He added that “no longer are tech companies the underdog upstarts. They have become titans of U.S. industry.”

 

Barr’s criticisms echo the rhetoric of several rising stars on the Right who have been calling for an overhaul of the rules regarding Big Tech’s accountability for free expression and censorship, including Senator Josh Hawley (R-Mo.). There have been numerous bipartisan investigations opened up into Big Tech practices across the country, including a vast majority of state attorneys general, the Department of Justice, the Federal Trade Commission, and the United States Congress.

 

https://amgreatness.com/2020/02/20/attorney-general-barr-considers-making-it-easier-to-sue-big-tech-companies/