US Says You Have No Right to Banking Privacy

By admin on March 15, 2013

Big banks get away with massive fraud, laundering money for drug cartels and terrorist organizations, while average citizens are guilty of financial crimes until proven innocent. The land of the free no longer.

Yesterday the White House released plans that would give all U.S. spy agencies access to the financial records of all American citizens in order to better “track down terrorist threats”, which administration legal experts say is “permissible under U.S. law”.

What happened to “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated”? That’s the Fourth Amendment in the Bill of Rights in case Obama’s legal team needed a reminder of actual U.S. law.

Reuters reports:

The Obama administration is drawing up plans to give all U.S. spy agencies full access to a massive database that contains financial data on American citizens and others who bank in the country, according to a Treasury Department document seen by Reuters.

The proposed plan represents a major step by U.S. intelligence agencies to spot and track down terrorist networks and crime syndicates by bringing together financial databanks, criminal records and military intelligence. The plan, which legal experts say is permissible under U.S. law, is nonetheless likely to trigger intense criticism from privacy advocates.

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