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05-22-2010, 09:40 AM #1
Dems Pass Bill Allowing Govt to Collect Records of Bank Cust
Senate Democrats Pass Bill Allowing Govt to Collect Addresses, ATM Records of Bank Customers
(CNSNews.com) – 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,â€
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05-22-2010, 09:46 AM #2
This
This is actually a very disturbing turn of events. The Feds are just going to be able to grab whatever financial information from anyone they want at any time with this?
This is far more dangerous and gives the feds far more financial power over us than it may sound here. what a bunch of sneaky sons of B****s
wow, I am flabbergasted.
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05-22-2010, 10:38 AM #3
Current Senate: 59* Democrats | 41 Republicans
VOTE IN NOVEMBER LIKE YOUR LIFE AND COUNTRY DEPENDS ON IT!
THEY DO!
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