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Senate Democrats Pass Bill Allowing Govt to Collect Addresses, ATM Records of Bank Customers
CNS ^ | 5/21/10 | Matt Cover

Posted on 05/21/2010 12:29:01 PM PDT by pissant

Senate Democrats united to pass a financial regulatory bill that allows the government to collect data on any person operating in financial markets at any level, including the collection of personal transaction records from local banks, including customers’ addresses and ATM receipts.

The Senate voted 59-39 on Thursday to pass the bill – the chief aim of which is to more-heavily regulate the financial industry – sending it to a conference committee in the House of Representatives, where differences between the House and Senate versions will be ironed out.

The bill, if it becomes law, will 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.


TOPICS: Business/Economy; Crime/Corruption; Extended News; Front Page News
KEYWORDS: 111th; antiamerican; bhofascism; bhotyranny; bigbrother; communism; control; corruption; democrats; doddbill; enemywithin; fascism; financialreform; financialtakeover; larrysinclairslover; liars; liberalfascism; marxism; newworldorder; noobama; obama; rapeofliberty; soros; takeover; tyranny; un; unconstitutional
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Scott Brown my hero./s
1 posted on 05/21/2010 12:29:03 PM PDT by pissant
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To: pissant
Big brother just got bigger. Time to start paying for stuff with cash...not that I have anything to hide, but I refuse to make it easy for a totalitarian regime to gather any info.
2 posted on 05/21/2010 12:30:21 PM PDT by highlander_UW (First we take down the Democrats, then we clean the Augean stable that is the GOP.)
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To: pissant

21st century version of 1930’s Germany.


3 posted on 05/21/2010 12:30:27 PM PDT by jeffc (One Big A$$ Mistake America)
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To: pissant

Thanks, Sen. Brown for standing up for the common folk. NOT!!!!


4 posted on 05/21/2010 12:30:39 PM PDT by ScottinVA (RIP to the country I love...)
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To: pissant

Orwell is out there somewhere smiling right now and saying, “I warned you”.


5 posted on 05/21/2010 12:31:05 PM PDT by FlingWingFlyer (Politics is only about money and the power to control it. ALL of it!)
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To: pissant

This will be used for death care payments, etc., along with targeting political enemies, per the IRS.


6 posted on 05/21/2010 12:32:45 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: pissant

They will spend more money snooping on American Citizens, but when it comes to enforcing immigration laws, they do nothing. Yet, we keep electing this scums to congress.


7 posted on 05/21/2010 12:32:49 PM PDT by SeekAndFind
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To: pissant

Scott, you are an @sshole. But at least you are a little less liberal, overall, than other Mass. @ssholes.


8 posted on 05/21/2010 12:33:05 PM PDT by ConservativeMind (Hypocrisy: "Animal rightists" who eat meat & pen up pets while accusing hog farmers of cruelty.)
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To: highlander_UW
Yeah, I'm definitely moving towards using cash only when I can and keeping everything under my mattress.

Of course buying guns over the internet with a bank card is just plain fun. Especially when you follow it up with a bulk order of several thousand rounds of ammunition.

9 posted on 05/21/2010 12:33:09 PM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy Saints surrounded)
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To: pissant

...wow.
Big brother is watching you.


10 posted on 05/21/2010 12:34:11 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: pissant

I thought the Senate had to have 60 votes?


11 posted on 05/21/2010 12:34:19 PM PDT by avacado
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To: pissant

For savings, IRAs and other accounts, too? Anyone know?


12 posted on 05/21/2010 12:34:51 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: jeffc

Any news yet on wearing Stars of David or Crosses or anything indicating that you’re a Conservative, member of the NRA? No doubt that will be in “Big Brother’s database.” Then it will be much easier for the Death Panels to access info on which to deny you care. The Thug Regime and the Congressional Gestapo’s Holocaust is taking shape.


13 posted on 05/21/2010 12:34:57 PM PDT by ExTexasRedhead (Clean the RAT/RINO Sewer in 2010 and 2012)
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To: pissant

Funny how we only find out about this monstrous 5th Amendment violation AFTER they pass it! Thanks Scott Brown, you stupid jock.


14 posted on 05/21/2010 12:34:58 PM PDT by montag813 (www.facebook.com/StandWithArizona)
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To: avacado

No. 60 votes was to break the fillibuster. Scott voted to break that too. He’s a frickin nightmare.


15 posted on 05/21/2010 12:35:25 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: combat_boots
This will be used for death care payments, etc., along with targeting political enemies, per the IRS.

It could easily be used to blackmail 'potential' donors to the Democratic Party Fund.

16 posted on 05/21/2010 12:37:12 PM PDT by UCANSEE2 (The Last Boy Scout)
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To: pissant

Pull your money out of the banks.


17 posted on 05/21/2010 12:37:22 PM PDT by Man50D (Fair Tax, you earn it, you keep it! www.FairTaxNation.com)
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To: pissant

Use FOIA to demand personal records they’ve acquired, then use 4th Amendment to demand purging thereof.


18 posted on 05/21/2010 12:37:24 PM PDT by ctdonath2 (+)
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To: highlander_UW

Trouble is, I usually get my cash through the ATM. :-)


19 posted on 05/21/2010 12:37:25 PM PDT by knittnmom ("...only dead fish 'go with the flow'". - Sarah Palin 7/09)
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To: UCANSEE2

Call them who they are: commie czars.

It’s “Tradition.”


20 posted on 05/21/2010 12:39:51 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: pissant

Just install cameras in our homes and be done with it.

/s


21 posted on 05/21/2010 12:41:30 PM PDT by bgill (how could a young man born here in Kenya, who is not even a native American, become the POTUS)
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To: pissant
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.

Made public upon who's request? Can we get Brown's and Hussein's records? Oh, yeah, well, never mind.

22 posted on 05/21/2010 12:46:07 PM PDT by bgill (how could a young man born here in Kenya, who is not even a native American, become the POTUS)
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To: pissant
The bill, if it becomes law, will 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.

Including the 1099 requirements in the health bill, the occupation government now has full control over all the finances of individual Americans. This is authoritarian fascism at the worst. This will not resolve peacefully.
23 posted on 05/21/2010 12:46:24 PM PDT by PA Engineer (Liberate America from the occupation media.)
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To: knittnmom
Trouble is, I usually get my cash through the ATM. :-)

Actually, I was more thinking of debit card transactions. I assume that if they can get your records for the ATM they can get counter withdraw records as well.

I suppose you can go to the bank the check is drawn on and cash them, but that is likely traceable as well, although more difficult because it's not running through your account.

It would be ironic if people, while attempting to avoid big brother, shift to cash and the banks will have less deposits, thus less money to lend and the dems have yet again impacted the economy negatively with their totalitarian schemes.

24 posted on 05/21/2010 12:49:08 PM PDT by highlander_UW (First we take down the Democrats, then we clean the Augean stable that is the GOP.)
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To: pissant
The bill, if it becomes law, will create the Bureau of Consumer Financial Protection

Yet another secure career path for bureaucrats, who will constantly expand its scope into "other areas".

25 posted on 05/21/2010 12:49:37 PM PDT by Oatka ("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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To: pissant
"No. 60 votes was to break the fillibuster. Scott voted to break that too. He’s a frickin nightmare."

Thanks for the info. Yep, Scott was only good for giving the Dems a one time jolt when he was elected. He's making the established RINOs blush like school girls he so frikin' RINO.

26 posted on 05/21/2010 12:49:53 PM PDT by avacado
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To: highlander_UW

I bet I know a way around this. PRESS TWO FOR SPANISH.


27 posted on 05/21/2010 12:50:30 PM PDT by massgopguy (I owe everything to George Bailey)
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To: Repeat Offender
Yeah, I'm definitely moving towards using cash only when I can and keeping everything under my mattress.

I'm not sure about the security of the bank of ye ole mattress...but if you have sufficient weapons and plenty of ammo it's probably safer there than where the fed can get at it.

Remember, Obamacare gives the gov't the "right" to access your account records to make sure you're buying their authorized and mandated insurance.

28 posted on 05/21/2010 12:51:20 PM PDT by highlander_UW (First we take down the Democrats, then we clean the Augean stable that is the GOP.)
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To: pissant

Liberals: driving the people back to the time-honored method of money management.

29 posted on 05/21/2010 12:51:26 PM PDT by Albion Wilde ( Racism is the first refuge of liberals. --J.T. Young)
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To: pissant
What happened to my Fourth Amendment protection to be secure in my papers from unreasonable search and seizure?

-PJ

30 posted on 05/21/2010 12:53:38 PM PDT by Political Junkie Too ("Comprehensive" reform bills only end up as incomprehensible messes.)
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To: Oatka

just ask Joe the Plumber how private your financials are.


31 posted on 05/21/2010 12:53:41 PM PDT by WOBBLY BOB ("The welfare of humanity is always the alibi of tyrants"-Albert Camus)
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To: pissant

I hear ya. Lists should be growing right now, for a list of executive orders a mile long to destroy every aspect of these bull s-— bills day one of the next Republican administration.


32 posted on 05/21/2010 12:54:26 PM PDT by DoughtyOne (Excusaholic: MeCain lost to Jr., RINO endorsements are flying, & you live at 2012 Denial Blvd.)
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To: Political Junkie Too

Obama and Reid and Scott Brown don’t care about the Constitution.


33 posted on 05/21/2010 12:54:56 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: pissant

O.K....so Liberals don’t want the NSA tapping the messages of suspected terrorists...but now our banks have to hand over our ATM records?


34 posted on 05/21/2010 1:08:20 PM PDT by Lysandru
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To: Lysandru

Yep


35 posted on 05/21/2010 1:08:40 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: pissant

Of course. It all makes perfect sense. Creating a bureaucratic agency to track how much Joe Citizen has in his personal bank account will DEFINITELY keep the Wall Street fat cats from doing shady deals. Yeah, that’s it.


36 posted on 05/21/2010 1:11:38 PM PDT by Hoffer Rand (There ARE two Americas: "God's children" and the tax payers)
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To: pissant

Most commentaries are leaving something very important about this bill.

Am I correct in understanding from some other articles that the Consumer Protection Bureau is to be completely housed within the Fed Reserve System via the US Treasury, and immune from further Congressional involvement?

If so, is this not a handing over of the US population lock/stock/barrel for complete monitoring, control of the supragovernmental Fed Reserve System? Are the total finanacial lives of all citizens now in the hands exclusively of the Federal Reserve with the signing of this bill?

The Fed Reserve now owns $2.3 trillion in mortgages, pending is control of all mortgage holders, potential mortgage holders and renters in the country.

With regard to world taxes, which Obama and the Dems seem to want the US citizen to pay directly from ones’ bank account in the future, the mechanism and control for such, thru the Fed Res, is being set up by this legislation, with no recourse for the citizen.


37 posted on 05/21/2010 1:13:26 PM PDT by givemELL (Does Taiwan eet the Criteria to Qualify as an "Overseas Territory of the United States"? by Richar)
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To: highlander_UW
I'm pretty sure my mattress is more secure than the bank. The pittance of $$$ I do have......Uncle Scam may just decide that it is more trouble than its worth.

On another thread I contemplated the humor of draining my account via atm $20 at a time...... just to make them wonder. Maybe even cash a bunch of $1 checks. At least it will give the bean counters something to do and delay them from checking into your account.

38 posted on 05/21/2010 1:19:24 PM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy Saints surrounded)
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To: ScottinVA

He admitted to agreeing to a quid pro quo, with the quo hidden for now. He hopes to collect the quo from Harry Reid.

HA!


39 posted on 05/21/2010 1:19:34 PM PDT by savedbygrace (Rev 22:20 He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord)
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To: Repeat Offender

Here in NEW YORK, we can’t order ammo over the internet!


40 posted on 05/21/2010 1:20:49 PM PDT by RebelTXRose
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To: Repeat Offender
I'm pretty sure my mattress is more secure than the bank. The pittance of $$$ I do have......Uncle Scam may just decide that it is more trouble than its worth. On another thread I contemplated the humor of draining my account via atm $20 at a time...... just to make them wonder. Maybe even cash a bunch of $1 checks. At least it will give the bean counters something to do and delay them from checking into your account.

Might I suggest, instead of $1 checks, make it something like $1.37...let them wonder why the odd number.

41 posted on 05/21/2010 1:22:02 PM PDT by highlander_UW (First we take down the Democrats, then we clean the Augean stable that is the GOP.)
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To: givemELL

You got it.


42 posted on 05/21/2010 1:23:40 PM PDT by mo
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To: ConservativeMind

Scott Brown:

What part of this bill did you NOT understand?

Or did you even bother to READ the bill?

What a disappointment.


43 posted on 05/21/2010 1:27:03 PM PDT by ridesthemiles
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To: Repeat Offender
...cash a bunch of $1 checks. At least it will give the bean counters something to do...

Now you're talkin'!


44 posted on 05/21/2010 1:27:27 PM PDT by GalaxieFiveHundred
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To: RebelTXRose
Here in NEW YORK, we can’t order ammo over the internet!

Here in Virginia, you can even take the firearms safety course over the internet for your CCW permit.

Granted, we shouldn't NEED a permit to exercise our 2nd Amendment rights, but at least they made it easy for us.

BTW, for those interested (and able to) atlanticfirearms.com is offering 1000 rnds of Wolf 7.62x39 for $269 with free shipping and 1120 rnds of Yugo for $259 with free shipping. (no, I am not affiliated with them except as a customer)

45 posted on 05/21/2010 1:34:53 PM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy Saints surrounded)
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To: pissant
Bureau of Consumer Financial Protection and empower

Pure Double Speak (total lie)

46 posted on 05/21/2010 1:47:02 PM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one.)
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To: pissant

Does this mean your bank account becomes a matter of public record? Like anyone can find out how much money you have, and how much you spend, and on what?


47 posted on 05/21/2010 2:03:36 PM PDT by kempo
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To: pissant

so.....if we all start doing like 50 Balance Inquiries a day, we can cause their entire system to crash and implode?


48 posted on 05/21/2010 2:06:19 PM PDT by Buckeye McFrog
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To: pissant

Will they start with the Swiss bank accounts?????


49 posted on 05/21/2010 2:07:39 PM PDT by FES0844
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To: pissant
Politicians and diapers should be changed often and for the same reason.
50 posted on 05/21/2010 2:11:57 PM PDT by HuntsvilleTxVeteran ((B.?) Hussein (Obama?Soetoro?Dunham?) Change America Will Die From.)
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