$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

eGray

[afflatus_com]

What is wrong with this crowd?

When someone finally in lucky enough to come up with one of the few business models that is actually successfully making money on the Internet everyone has to jumb all over it, and make them out to be an evil empire.

Sidenote: I have to hand it to the makers of eGray. Brilliant pastiche guys. Couldn't have better timing today.