Respectfully submitted by Lawrence E. Rafferty (rafflaw) Weekend Contributor
I have written in the past about our large financial institutions and their uncanny ability to break the law and escape any criminal penalties at the corporate or personal level. If the Department of Justice had actually indicted a Bank of America official and procured a criminal conviction, that Bank of America official could have assisted the corporate office in their no-bid contract to handle all of the federal prison systems inmate financial services and email services.
“A few blocks north, however, at the New York Metropolitan Correctional Center, there exists a market that Bank of America has locked down, literally. For the 790 federal prisoners incarcerated at MCC, Bank of America controls the provision of money transfers, e-messaging and some telephone services.
The bank’s monopoly extends across the federal Bureau of Prisons system—121 institutions housing 214,365 inmates. Since 2000, Bank of America has collected at least $76.3 million for its work on the program.” Readersupportednews That would be $76.3 Million dollars in the Bank of America coffers without any need or worry about having to compete for this latest sweetheart deal. Continue reading “Banks Have the Federal Prison System Handcuffed” →
Germany has long shown far greater foresight than the United States in the investment into science, infrastructure, and alternative energy — investments that are now giving the country huge returns as a leading economic system. With a decision of Lower Saxony, the German have now shown precisely how serious they are about keeping the country as one of the most educated in the world: they have eliminated all college and university tuition. The Germans view education as not just a right, but an essential component for continued growth. 
