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South Korean Financial Blogger Faces 18 Months of Prison
eldavojohn writes "A South Korean blogger named Park Dae-sung has been arrested and charged with destabilizing foreign markets by blogging about declining companies. This is the same blogger who predicted the economic downturn that has been experienced the world over. The Korean Times offers more information on the community college graduate and the accusations levied against him."
Several readers have also sent in news that Omidreza Mirsayafi, an Iranian blogger arrested and imprisoned for his writings earlier this year, has now died in custody.
"Its something I dont understand. Blaming companies when you should be blaming the central bank and the government, for creating artifical credit bubbles and the resulting mania thereafter."
I don't know what planet you anti-government/free market extremist types live on but if you've been paying attention for the last 20 years and looked in your mailbox and see all the offers for lines of credit and credit cards that damn near every company's been spamming and wants to give you (grocers, wal-mart, etc) not to mention the banks and you'd have only one thing to blame: greed.
Amex and visa are not government owned yet they charge between 1.5 and 5% for merchants just to debit a credit card. When you use your debit card for your bank it's only a few cents (roughly ~5-8 cents where I live), where as these parasites (credit card companies) are basically an economically inefficient leach on the whole god damn economy, if I were in charge I'd shut these people down, they add NOTHING to the economy except charging people exorbitant rates of a the clueless portion of greedy public the illusion of buying things they can't afford and then paying it off later /w interest.
It's strange how the most vocal anti-government people lack any kind of insight into human nature at all because they have not read any serious history of corporate america. I have to wonder how old you are and just how well read, because you comments come off as painfully clueless.
Wow, which side of the North/South border is supposed to be the evil dictatorship again? Your politicians have been taking lessons from ours here in the United States, haven't they?