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"Just because there was not enough encroachment by the government into virtually every corner of private life, here is another "collaboration" that will further enmesh big brother into every aspect of private life, in this case private financial life, because as the WaPo reports, "major U.S. banks have turned to the National Security Agency for help protecting their computer systems after a barrage of assaults that have disrupted their Web sites, according to industry officials... The NSA, the world’s largest electronic spying agency, has been asked to provide technical assistance to help banks further assess their systems and to better understand the attackers’ tactics." And while we salute the great diversionary pretext that "Iranian hackers" pose a greater risk to the stability of the US financial system than, say, the ongoing monetization of US debt at a pace of $85 billion per month, which has made the Fed's DV01 rise to a mindboggling $2.75 billion, or idiot pundits who claim all American problems can be resolved with one coin, we can't help but wonder what happens when the most intrusive of US spy agencies, one which as reported last year is free "to intercept, decipher, analyze, and store" virtually every electronic communication in the entire world, now has full explicit access to all bank data, and, incidentally, every American's financial snapshot at any given moment?"
If I recall correctly, this was a provision in the Patriot Act giving the federal government access to your financial records. Correct me if I'm wrong.
If I recall correctly, this was a provision in the Patriot Act giving the federal government access to your financial records. Correct me if I'm wrong.
Correct, under Title II of the re-authorized Patriot Act, set to expire in 2015.
This is what happens when the government bails out an institution. Once it's tentacles are attached and embedded, the insitution becomes federally-obligated at so many levels that it then becomes an expectation that the institution will forever reach out to government for assistance.
As far as I can tell this has nothing to do with the NSA accessing personal bank records, but more to do with preventing financial institutions like NASDAQ from foreign government sponsored hacking attacks with the potential to throw the markets into a turmoil.
As far as I can tell this has nothing to do with the NSA accessing personal bank records, but more to do with preventing financial institutions like NASDAQ from foreign government sponsored hacking attacks with the potential to throw the markets into a turmoil.
Thats what you have been told to think.
We all know how well the government operates outside its stated mission.
Thats what you have been told to think.
We all know how well the government operates outside its stated mission.
But what would the government want with my or any one else's bank account information?
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