This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Five Dumbest Things on Wall Street This Week

1. Ma Bell Knows Best

AT&T (T - Get Report) just wants to share.

The San Antonio, Texas, telco blundered into controversy again this week when it mailed out a new privacy policy.

AT&T says the new statement continues its practice of not sharing customer data with third parties for marketing purposes. But the San Francisco Chronicle notes that AT&T grants itself greater latitude to share with the government.

If that rings a bell, it's because just last month AT&T and other big phone companies came under attack for reportedly handing information over to the feds. A lawsuit by a privacy rights group contends that AT&T has given the National Security Agency real-time access to Internet communications.

Now, the Chronicle reports, AT&T is going a step further. The new policy advises Internet and video subscribers that AT&T plans to track their viewing habits. AT&T also lays claim to the use of customer data "to protect its legitimate business interests, safeguard others or respond to legal process."

Safeguarding others is no doubt AT&T's top priority, just as Verizon's (VZ - Get Report) mission is to thwart fiendish terrorists . AT&T tells the The New York Times the policy changes aim to purge the privacy statement of legalese.

But what AT&T's new privacy statement really cuts down on is privacy.

Dumb-o-Meter score: 93. Maybe AT&T just wants independent confirmation that there's 57 channels and nothin' on .

To view Colin Barr's video take on AT&T's entry in Five Dumbest this week, click here .

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
SI $0.00 0.00%
NOK $6.50 0.00%
SHLD $40.52 0.00%
T $34.42 0.00%
VG $4.71 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs