and telecom companies will become banks. Mobile payment systems, micropayments, mobile phone credit card transactions and loans. Economic impact of remittances from foreign workers using SMS credit to avoid foreign exchange transaction costs. How biometrics fingerprint technology will allow large mobile phone payments. Commissions and interest charges on loans. Impact of revenues from American Express, Visa, Delta, Access, Mastercard moving to mobile phone transactions. Conference …

I think the Republican Party and their cronies on Wall Street could certainly use some “faith-based programs” right now… but the truth is that the 30-year experiment with Reaganesque pro-business, anti-government, pro-deregulation economics is coming thankfully to a very abrupt end. … interest free loans foreclosure predatory lenders Bush Reagan Karl Rove Fannie Mae Freddie Mac voodoo economics home owners lending institutions bailout