Apple vs. Uncle Sam
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 19 February 2016
⏱️ 39 minutes
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:07.0 | From full global headquarters, this is Motley Fool Money. |
| 0:19.0 | And some Motley Fool money radio show. I'm Chris Hone, joining me in studio this week for |
| 0:23.0 | Million Dollar Portfolio Jason Moser and Matt Argusinger and from Motley Fool Deep Value, |
| 0:27.0 | Ron Gross. Good to see you. We got the latest on tech, travel, insurance and more. |
| 0:33.0 | We will take a closer look at the rise of activist shareholders and as always, we're giving |
| 0:37.0 | an inside look at the stocks on our radar. But we begin this week with the growing battle between |
| 0:42.0 | Apple and the federal government. At the request of the FBI, a federal judge has ordered |
| 0:47.0 | Apple to provide new software to help the FBI unlock the encrypted iPhone of one of the |
| 0:53.0 | killers in the recent shootings in San Bernardino, California. CEO Tim Cook says the FBI's |
| 0:59.0 | request is unprecedented and wrote an open letter to customers saying that Apple's opposition |
| 1:04.0 | is not something the company takes lightly, but they do believe this is an overreach by the US government. |
| 1:11.0 | And Ron Gross, I'll just start with you. This is really tough because when you step back and |
| 1:17.0 | look at it, both the FBI and Apple are doing what they are supposed to be doing. |
| 1:23.0 | Yeah, I agree. It's very tough and I do see both sides of this. I don't see it as being cut and dry. |
| 1:29.0 | And I realize it's a slippery slope from Apple's perspective that they really don't want to go down. |
| 1:35.0 | I do believe, I think I believe, that there should be a way for Apple to comply in this one particular case |
| 1:42.0 | without putting all of our civil liberties at risk. That might be naive. Again, the slippery slope might come into play here, |
| 1:50.0 | but I think they should be able to take care of that. And I actually think the fact that we're operating under a law written in 1789, |
| 1:58.0 | the All Ritz Act here, may mean that it's time to kind of come up with some new laws to address the world we live in. |
| 2:06.0 | There weren't smartphones, but you got a pivot. And probably a constitutional lawyer or something like that |
| 2:12.0 | would say the same privacy rules apply whether it's through technology or carrier pageant. |
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