Wednesday, May 26, 2010

1984 Consumer Protection

So, curious why the banking colusses, the Fed and the Party Lines all pushed the 'Consumer Protection' legislation this week?

CNS News: "The bill, if it becomes law, would create the Bureau of Consumer Financial Protection and empower it to “gather information and activities of persons operating in consumer financial markets,” including the names and addresses of account holders, ATM and other transaction records, and the amount of money kept in each customer’s account.

The new bureaucracy is then allowed to
“use the data on branches and [individual and personal] deposit accounts … for any purpose” and may keep all records on file for at least three years and these can be made publicly available upon request.

Ah. In staggering Orwellian fashion, Newspeak and the eyes of Big Brother rear their ugly heads yet again.

So long Privacy, hello IRS audits to pay for Obamacare.


Bike Bubba said...

Um, this would mean the 4th Amendment would more or less overturn it in toto, no?

Good grief, can't those congress-critters read the Constitution?

Solameanie said...

It almost makes me want to start banking my money under my mattress instead of the local savings and loan.

志文 said...
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Palm boy said...

Bike, a glance at the Men in Black today makes that a laughable assertion. :(

Joel, or buy up ammo... at least you can use it for stress relief :D

Solameanie said...

I went shooting this past weekend, in fact. Used a 100+year old Mauser .308, a Russian SKS and a Taurus .357 revolver.

Had a blast. Pun intended.