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Huge Phishing Attack On Emissions Trade In Europe
bratgitarre writes "A targeted phishing scam on companies trading with greenhouse gas emission certificates in Europe has reaped millions, Der Spiegel reports. By sending phishing e-mails to companies in Australia and New Zealand purporting to be from the German Ministry for Environmental Protection (German article, Google translation) the criminals obtained login credentials for companies owning polluting permissions. They then swiftly sold them to other polluters in various European countries. Damages are probably huge for a single incident, as 'one medium-sized German company alone had lost allowances worth €1.5 million ($2.1 million).' German federal officials, who can trace some of the transactions, claim that out of 2000 certificate sellers, seven responded to the scam."
That doesn't change the fact that calling "cap and trade" a "free market solution" is a lie.
No, 'socialism' is the fact that I am paying for you to drive your F-350.
If you want to say "We need to resort to socialism to solve this problem," then say it. Don't spread FUD by claiming cap and trade is a free market solution to the problem when it isn't.
FUD stands for "Fear, Uncertainty and Doubt." The only person spreading FUD is the person claiming that cap and trade is 'socialism' without actually supporting his argument. That'd be you, buck-o.
Try again, Milton Friedman.