Are These Companies Helping the U.S. Spy On US?

source: http://www.flickr.com/photos/16782093@N03/

Newspapers have recently reported on a top secret program known as Prism that allows the government to track people through data that is available on the servers of seven major companies. Additionally, a Guardian report stated that the NSA had a warrant that allowed them to collect records of phone calls from Verizon (NYSE:VZ) for the past three months.

NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!

US Intelligence James Clapper gave a statement admitting the existence of Prism and the secret court that made Verizon turn over its phone records. Clapper defended the program saying the information gathered was “among the most important and valuable foreign intelligence information we collect.”