Big Brother Loves 'Financial Reform'

Washington Times ^ | April 29, 2010 | Editorial staff

[raptor22]

The next time you make a withdrawal from an automated teller machine, Treasury Secretary Timothy F. Geithner might be watching over your shoulder. Boosted by the sweeping, 1,400-page financial regulatory proposal currently making its way through the Senate, Mr. Geithner would have unprecedented, real-time access to a wealth of personal and corporate financial data - all in the name of protecting the public.

The legislation, sponsored by Senate banking committee Chairman Christopher J. Dodd, would create the innocuously named Office of Financial Research as a central repository for transaction-related records held by financial companies. According to proponents, "decision-makers" like Mr. Geithner need up-to-the-minute information to act in order to prevent what they refer to as another Wall Street meltdown. The proposed agency would also provide statistical analysis and research, purportedly to monitor systemic risk to the financial system.

[Attention Surplus Disorder]

Mr. Geithner and Mr. Bernanke have certainly earned our trust and confidence by their amazing prescience in forseeing the prior financial crisis, haven’t they? Let’s not forget that schmuck Larry Summers and Robert Rubin, another couple of titans of financial intelligence who just had to run Brooksley Born out of Washington because of the trouble she would have caused when she warned of this exact problem many years ago. She would have really put a dent in their plans to pillage the US financial system.

In any other business, they would be fired and banned for life for their sheer incompetence. In government, they are promoted.

[Lets Roll NOW]

We need the government out of our lives, this is getting insane.

[Gasshog]

this is aworse threat to liberty than illegals so Zero shifts his attention away from immigration until this tripe is forced on We the People.