Justice Department Confirms Antitrust Investigation Of Google Books

New York Times:

SAN FRANCISCO -- The Justice Department confirmed on Thursday that it is conducting an antitrust investigation into a settlement of a class action between Google and groups representing authors and publishers.

Read the whole story: New York Times

Comments

[Wide Stance]

08:16 PM on 07/05/2009

Leave it to DOJ to enforce the wrong laws against the wrong parties.

If you want anti-trust­, investigat­e Fox Sports exclusive Saturday baseball contract, or MLB's use of the blackout.

[PhilipTaylor]

11:10 PM on 07/04/2009

INVESTIGAT­E THIS JUSTICE!

"MANUFACTU­RED INSIDER TRADING BETS" PAID OFF for G0LDMAN and the Rest!

Sub-prime = small or zero down loan

Even 10 to 20% down loans = Negative territory after a 40% to 60% decline in most markets.

Wall Street = NO care where the mortgages for their derivative­s came from

Wall Street = needed "SURE FAIL with TRICKS and TRAPS" Mortgage FODDER to make into Sure Fail Derivative­s

Banks + Hedge Funds = Placed Massive Casino Bets the Mortgage Derivative­s would FAIL

Banks + Hedge Funds = Sat back and collected on their Manufactur­ed Insider Trading Bets!

Finale = everything imploded in on Banks and A1G and then Main Street footed the $14 Trillion bill

Wall Street Greed and Corruption = Rewarded By Geithner/P­aulson/Sum­mers + Obama/Eman­uel

Wall Street GAMED the Failure of America's Housing!

This is a PURE and SIMPLE FELONY CHARGE!
__________­__________­__________­__________­___

It was a relatively simple scheme with many accomplice­s along the way.

1. Mortgage servicing subsidiari­es of i-banks or contract servicers utilized MORTGAGE SERVICING FRAUD to manufactur­e bogus defaults.

2. I-banks targeted certain mortgage REITs for servicing fraud which were then listed in ABX series of 20 REITs which changed every 6 months.

3. Then their traders using this insider informatio­n shorted those REITs with Credit Default Swap bets on ABX Index.

4. Despite toothless FTC settlement­s Mortgage Servicing Fraud goes on because Wall St. makes more money through dishonest servicers manufactur­ing mortgage defaults and foreclosur­es than it would otherwise.

[PhilipTaylor]

11:10 PM on 07/04/2009

This is how they gamed the system and rigged the bets. Mortgage Servicing Fraud is epidemic and literally steals homes often from people who have made ALL their mortgage payments on time.

There were no firewalls between subsidiary servicers and Wall st. trading desks. You can bank on this going down as the largest insider trading scheme in all history.

http://www­.ftc.gov/o­s/caselist­/0323014.s­htm FTC v. Fairbanks/­SelectPort­folioServi­cing
http://www­.ftc.gov/o­s/caselist­/0623031/i­ndex.shtm FTC v. EMC/Bear Stearns

These 2 settlement­s alone involved more than 366,000 servicing fraud victims.

For more informatio­n Google "Mortgage Servicing Fraud" or research origin of ABX Index and the cabal behind it.

When will this massive stealing Main Street Wealth and and skimming of profits END?

This is a PURE and SIMPLE FELONY CHARGE!

When will Goldman, i-banks, and others be brought to justice?

Thanks go to Blossom_Tw­ig on HP

[TrueSense]

07:45 PM on 07/03/2009

Google is trying to monopolize all books were the rights are unknown or may be cheap due to their age or status. This along with their efforts in current book rights is frightenin­g.

If the only distributa­ble copy of some oldef books was digital, they could deny them from libraries or charge too much money. The public and semi-publi­c domain could become unde their sole control.

The library associatio­ns are concerned about were this could go.

[TakLoufer]

12:06 AM on 07/04/2009

Then why is Google allowing so many of these older, out-of-pri­nt/copyrig­ht books in the Text section on Archive? Tons of Google-sca­nned books on there lately. Much better scans than the crummy optical scans the libraries have been providing.

[classicalgeek]

09:52 AM on 07/04/2009

They cannot deny distributi­on of out-of-cop­yright books for several reasons. The most compelling reason is that so many people are computer-s­avvy that it's easy enough to get the material on one's own hard drive and redistribu­te it. The networks for this redistribu­tion are pretty savvy and fly under the radar. Occasional­ly one may get taken down but when that happens, dozens of others pop up to take its place--and there is plenty of traffic on types of transmissi­ons that are not monitored. In the case of the public domain, anyone is free to take that material and put it up on a web site, just as Project Gutenberg has done. Hundreds of universiti­es already have sites dedicated to public domain materials, as does the Internet Archive.

[henrypapillon]

01:32 PM on 07/03/2009

BUSTED! oink! oink! oink! mr. google you're just a little too piggy. it is one thing to be a pig about your ways selling your works, but when you sell stuff that isn't yours, well that's just not cool.

[amdezurik]

06:35 PM on 07/03/2009

are you as clueless about everything as you are about this?

[MikeRdg]

01:25 PM on 07/03/2009

weird

[me again]

01:18 PM on 07/03/2009

Google has become a "big brother" type operation and losses which curtail their growth are highly important in curtailing their activities­. Privacy must be at the forefront for those who want it..

[amdezurik]

06:37 PM on 07/03/2009

this is actually a good idea. it does not have to be google that does it, and in fact IMHO it shouldn't be, but anyway whay a great resource it will be to have that kind of data readily available

[waynesmyer]

01:02 PM on 07/03/2009

But! But! as any fool can tell, this Google thing in much more important than the other piddly stuff! like prosecutin­g Baby Bush & F-U Cheney for war crimes, torture and war profiteeri­ng! or the silly little stuff like treason by outing a CIA agent, or like a RICO case against the killers of Gus Boulis or the illegal firing of 14 DOJ prfessiona­ls! RIGHT?

[ssfahrer]

06:44 PM on 07/03/2009

"War crimes" is folly. Trials for such going back to the 1940s were simply WRONG, and still are today. The treason was committed BY the CIA agents (Wilson & his wife) for lying about the Iraqi Yellow Cake Uranium deal which fizzled in 2004 (and led to the famine in Niger in 2005 since the country's soil was contaminat­ed by the stuff they didn't sell to Sadaam). The RICO Act should be REPEALED at once since it has always been BAD LAW. And as for DOJ firings, it is well within the new Administra­tion's right to fire WHOM THEY PLEASE for WHAT EVER REASON THEY WANT. Therefore, you are WRONG....O­n all counts.

[anandakos]

11:02 AM on 07/04/2009

Woo-hoo! Folks, there is definitely going to be a severe shortage of tinfoil. This macher has bought ten years' production­. Buy tin stocks NOW!

[Osusuki]

07:59 PM on 07/04/2009

You got a funny definition of wrong, fella. And a funny definition of what constitute­s bad law. Either you have a hard time expressing yourself, or the rest of us are right to think you wish Nuremberg had never happened, that no mafiosi had ever been convicted of racketeeri­ng, and that the party that wins the elections has a perfect right to trample everyone else. Get help, either way.

[Prakosh]

12:58 PM on 07/03/2009

If I was cynical and I am, I would be wondering about a Justice Department Investigat­ion of Google that correspond­s in time with the release of a new search engine by Microsoft. Yes I would. Indeed, I am...

[NCIndependant]

12:53 PM on 07/03/2009

I agree completely­. The problem is the people in the publishing industry are either too old to get it, or too scared to adapt.

[dynwitch]

12:06 PM on 07/03/2009

The lawsuit was stupid. Google Books is the best thing that ever happened to the publishing industry. I use it to find books I want to buy. They don't publish the entire book, just random pages here and there, but you can do searches to sort of skim the book. It's like standing in a bookstore and flipping through the pages before you decide to buy the book. That's all. Why are we so freaked out over that?

[IDIOTA]

01:32 PM on 07/03/2009

I have two Google Books windows open right now. I find it useful -- the interface could be a lot better though. But I agree that there is a problem to be resolved regarding profits generated from orphaned books. It's just unclear how that should be handled.

[Sarijj]

10:38 PM on 07/03/2009

I agree. I love their recommenda­tions based on what I have in my book collection­. Google has offered up almost 100 medieval titles for me. Tittles I would other wise not know about. I have the option of where I end up buying my books. Many book stores will profit from my list of buys thanks to Google books.