Icelandic Court Rules: Wikileaks Will Get Contributed Credit Card Money

New submitter mordur writes "An Icelandic District Court has ordered the payment processing company Valitor to immediately reopen the merchant account (Icelandic original) of DataCell and start processing credit card payments for the Wikileaks organization. Noncompliance on behalf of Valitor will result in daily fines of ISK 800.000 (approx. USD 60.000). Under pressure from the USA based international credit card companies, Valitor stopped all service to DataCell, and thus to Wikileaks, just hours after having started processing payment in July 2011. The court found that Valitor had failed to prove that the processing of payments for Wikileaks was contrary to the business policies of the international credit card companies, nor had the company proved that DataCell was in breach of the service agreement between the companies by serving Wikileaks."

Comments

Re:Good decision by Icelandic court

[Anonymous Coward]

Yeah the bank thing was hilarious.

"We demand the government reimburse us for the money held in failed Icelandic banks!"

"Why? the debt was not backed by the full faith and credence of the government; that's why the interest rates were so high"

"HERP DERP I DON'T CARE GIVE ME ALL YOUR MONEY!"

Re:Good decision by Icelandic court

[ceoyoyo]

A bunch of banks that happened to be in Iceland, but not backed by the government, made some promises they couldn't keep. A lot of people, mostly in the UK, fell for those promises, and when everything went belly up they demanded that the Icelanders make good on them, which would have essentially bankrupted the country. The Icelanders felt that wasn't fair, and had the wherewithal to tell the banks, the investors, and the countries that were backing them, to go to hell.

Re:Good decision by Icelandic court

[Anonymous Coward]

Scandinavian peninsula is in Europe, it consists of Sweden, most of Norway and some parts of Finland. Iceland is an island in the middle of Atlantic ocean which is halfway split between European and American plates.

Re:Iceland, for the win

[BlueStrat]

We, in Europe, and the USA, have much to learn from Iceland about how to survive a crippling financial crisis.

Yeah, like NOT putting the very people responsible for the bank's failures in powerful government positions.

Obama Administration: Deputy Director, National Economic Council
Former Goldman Sachs Title: Financial Analyst

Obama Administration: Chairman, Presidentâ(TM)s Foreign Intelligence Advisory Board
Former Goldman Sachs Title: Board Member (Chairman, 1990-94; Director, 2005-)

Obama Administration: Commissioner, Commodity Futures Trading Commission
Former Goldman Sachs Title: Partner and Co-head of Finance

Obama Administration: Undersecretary for Economic, Energy and Agricultural Affairs, State Department
Former Goldman Sachs Title: Vice Chairman, Goldman Sachs Group

Obama Administration: Ambassador to Germany
Former Goldman Sachs Title: Head of Goldman Sachs, Frankfurt

Obama Administration: Chief of Staff to Treasury Secretary, Timothy Geitner
Former Goldman Sachs Title: Lobbyist 2005-2008; Vice President for Government Relations

Obama Administration: Advisor to Treasury Secretary, Timothy Geitner
Former Goldman Sachs Title: President and Chief Operating Officer (1999-2003)

They should just change the name from the "White House" to "Goldman Sachs House". Yeah, I'm sure they'll do the right thing to protect regular US taxpayers.

Strat