Carlos Slim, world’s richest man, gets richer supplying ‘Obamaphones’ to poor

A Mexican telecom mogul who holds the title of world's richest man, and one of President Obama's top donors are both getting even richer from the U.S. government program that supplies so-called "Obamaphones" to the poor.

Carlos Slim, who has an estimated net worth of $70 billion, owns a controlling stake in TracFone, which makes $10 per phone for each device it provides to poor Americans. The company, whose president and CEO is Frederick "F.J." Pollak, also makes money from extra minutes and data plans it sells to subscribers who get phones and service through the government's Lifeline program. The program, which began in the mid-1980s, has exploded in the past four years after being expanded from supplying landlines to the poor to providing cellular phones.

Full Article »

SHARE:

Email This

Latest Politics/Corruption
- A Congressman who Doesn't Cotton to the Constitution
- "You're Out Of Order! We're Asking You To Leave!"
- Piers Morgan: Now I See U.S. Government Tyranny
- CISPA Sponsor Mike Rogers May Go On To Lead The FBI
- Obama Supporter Chevy Chase Justifies Gitmo
- Obama Supporter Stevie Wonder Justifies Obama's Gitmo & Wars
- Obama Tells Graduates to Reject Warnings Of Tyranny
- Colo. Politicians Threaten to Repeal Marijuana Legalization If Voters Don't Approve High Taxes

Comments 1 - 3 of 3

Add Comment

Page 1 of 1

Anonymous

Posted: Oct 12 2012, 8:35 AM

Link

65110

And if you vote now, you'll get a second SIM card FREE!

Anonymous

Posted: Oct 12 2012, 8:36 AM

Link

65110

Kidding, obviously. It goes without saying... Right? Right? :(

Anonymous

Posted: Oct 12 2012, 5:40 PM

Link

6464

Slim's shady.

Add Comment

Name

Comment

* No HTML

Verification *

Please Enter the Verification Code Seen Below

PLEASE NOTE

Please see our About Page, our Disclaimer, and our Comments Policy.

FAIR USE NOTICE

This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the Digital Millennium Copyright Act (found at the U.S. Copyright Office) and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.

About Us - Disclaimer - Privacy Policy