Liberals: driving the people back to the time-honored method of money management.
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.
Just install cameras in our homes and be done with it.
/s
Made public upon who's request? Can we get Brown's and Hussein's records? Oh, yeah, well, never mind.
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.
Yet another secure career path for bureaucrats, who will constantly expand its scope into "other areas".
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.
I bet I know a way around this. PRESS TWO FOR SPANISH.
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.
Liberals: driving the people back to the time-honored method of money management.
-PJ
just ask Joe the Plumber how private your financials are.
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.
Obama and Reid and Scott Brown don’t care about the Constitution.
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?
Yep
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.
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.
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.
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!
Here in NEW YORK, we can’t order ammo over the internet!
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