Black People : Reforming Wall street while Peeping your Checking Acount?

Discussion in 'Black People Open Forum' started by Ankhur, May 1, 2010.

  1. Ankhur

    Ankhur Well-Known Member MEMBER

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    There does not seem to be much reforming of Wall street in a bill that will not put the plug back in the leaky boat The Glass Steagall Act or put checks and blances o the knuckas that drilled the hole in the boat The Federal Reserve

    but snuck in there with little notice, like Malcolm saiid "passing the balll", is a provision for the government to snoop your accounts and transactions.

    You can't make this stuff up!

    Subtitle G of the Dodd discussion draft bill requires that records be maintained and reported “for each branch, automated teller machine at which deposits are accepted, and other deposit taking service facility with respect to any financial institution, the financial institution shall maintain a record of the number and dollar amounts of deposit accounts of customers.”

    What’s worse, banks will be required to submit these records to the new super regulatory agency called the Consumer Financial Protection Agency (page 1041). The CFPA will be allowed to use this information for any purpose “as permitted by law” under CFPA rules—rules set by CFPA themselves.

    So, lets get this straight—the law requires banks to snoop on its customers MOST PERSONAL INFORMATION and submit it to another government agency so it can be used anyway the CFPA see’s


    http://biggovernment.com/capitolcon...nd-report-personal-checking-accounts-to-feds/
     
  2. HyperKill

    HyperKill Banned MEMBER

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    This has been going on since the Clinton years. Bush continued it under the Patriot Act. Sadly, most people in repressive countries know their media and gov't is manipulative, repressive, and invasive. We are completely in the dark in the U.S., both black and white folk.
     
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