$20 Million on Lobbying Defeats CA Privacy Bill

sphughes writes "The San Francisco Chronicle is reporting that banks, insurance companies and other corporations spent more than $20 million in campaign contributions and lobbying expenses to defeat a recent consumer privacy bill SB773. The story can be found here. These are preliminary figures through July and may actually run much higher. The bill had been modified from opt-in to opt-out but was still killed."

Comments

proves only one thing..

[Anonymous Coward]

..how corrupt the political system is, American democracy is a joke, you can also bet your soul that this means people will be put into classes. Make a mistake at one corporation youll be damned for the rest of your life.