RodISHI
Platinum Member
- Nov 29, 2008
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Our countries politicians and bankers want to have immunity from any liability of theft or actions that damage others.
I came across this article while doing a search.
Jeff Sessions needs to be voted out of office for trying to protect thieves by giving them immunity. Representatives from both parties have allowed these giants to rob people for way too long. It is time to put each and everyone of them out of office that has conspired to pillage through deceptive legislation. The list and reason they need to be voted out starts here:
Senate, old legal woes drawn into patent fight - Lisa Lerer - POLITICO.com
Added comment from the article that states it as it truly is for small businesses.
another comment;
I came across this article while doing a search.
Jeff Sessions needs to be voted out of office for trying to protect thieves by giving them immunity. Representatives from both parties have allowed these giants to rob people for way too long. It is time to put each and everyone of them out of office that has conspired to pillage through deceptive legislation. The list and reason they need to be voted out starts here:
Senate, old legal woes drawn into patent fight - Lisa Lerer - POLITICO.com
In July, Se. Jeff Sessions (R-Ala.) introduced an admendment in the Senate Judiary Committee to essentially grants the banks immunity from the suit.
Photo: AP
excerpt-
In its complaint, DataTreasury alleges that the banks stole its technology and distributed it throughout the industry. Some major financial institutions, most notably JPMorgan Chase and Merrill Lynch, settled for what the company considers a “significant sum.”
Cases against Bank of America, Citigroup, Wells Fargo and 53 other financial institutions were put on hold pending the results of a U.S. Patent and Trademark Office reexamination of the patents. The patent office upheld the patents several months ago, and last Wednesday the court lifted the stay, allowing the cases to move forward.
Added comment from the article that states it as it truly is for small businesses.
Can you say unconscionable? That the financial services industry is now smearing the patent holder suggests they are on an unsure legal footing. That they would stoop to attempt to buy legislation underscores their unscrupulousness and desperation and the sad state of affairs in Congress.
Mr. Bartlett refers to DataTreasury as a ?patent troll?. What is that? According to some a patent troll is a firm who licenses patents they do not themselves commercialize. Yet many of the large firms who are most critical of the practice do it themselves. Out licensing is now an important profit center of most every firm. Often, as a result they end up licensing out patents covering technologies they themselves do not use as they are not consistent with their corporate plan. Rather hypocritical isn?t it? The financial services industry would do so themselves except for one problem...they don't have any patents. The only thing they know about patents is they don't have any.
Mr. Bartlett then states "The law is tilted so badly in favor of plaintiffs that have no products and yet extort billions of dollars". My what a tangled web he weaves! How can it be extortion if the patent holder is trying to make the banks pay for use of their invention. Rather than a case of extortion this appears to be more a case of daylight robbery by the banks, notwithstanding Mr. Bartlett's protestations.
Sadly, some legislators and other parties have been duped by slick firms such as the Financial Services Roundtable and their well greased lawyers, lobbyists (some disguised as trade or public interest groups), and stealth PR firms. Don't be surprised to find the Washington lobbyist scandal spreading into the patent deform proceedings. When the financial services industry and the rest of corporate America agrees to not use our inventions without consent, American inventors and small entities will agree to stop suing them. Sincerely, Stephen Wren actuary/inventor StL, MO
another comment;
I suppose like they tried to steal my mining operation by erroneous bank created documentation.Who is kidding Who??? This is the industry that Sessions champions, The INNOCENT banks and their ilk: This is an article From: Chief Executive (U.S.)5/1/2001 Author: PRINCE, C.J It's not every CEO who freely admits to swiping other people's ideas--although, truth be told, the vast majority of successful chief executives have probably taken the liberty. But ask Richard Kovacevich, CEO OF WELLS FARGO, whether he prefers inventing ideas or stealing them and he's quick with his response. "Oh, I'd much rather steal an idea," the 57-year-old CEO says matter-of-factly. "Quite frankly, it's much easier mentally. I have no pride about that." DON'T THROW STONES, ETC.......................
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