Lawmakers Debate Patent Immunity For Banks
I Don't Believe in Imaginary Property writes "Now that a small Texas company has a patent on scanning and archiving checks — something every bank does — that has survived a USPTO challenge, lawmakers feel they have to do something about it. Rather than reform patent law, they seem to think it wiser to protect the banks from having to pay billions in royalties by using eminent domain to buy the patent for an estimated $1 billion in taxpayer money, immunizing the banks. The bill is sponsored by Sen. Jeff Sessions (R-AL)."
Our legal system reminds me of when you write a huge undocumented, uncommented program in C and have other people do additions and debugging.
Weaksauce as they say...
Charge people for depositing their money.
it is only after a long journey that you know the strength of the horse.