What do you think about the Financial Reform bill that allows for government to collect banking information?

"They both have sweeping authority to collect information about financial transactions, and there's little to ensure they aren't going to collect detailed information, personal financial transactions," said Jim Harper, director of information-policy studies at the Cato Institute.





Source:


http://www.washingtontimes.com/news/2010鈥?/a>|||Cato institute is financed by Saudis. Sure, they don鈥檛 want government know about their financial transactions in USA.





Neither do I.





However, this information is shared on many different levels. How else would you calculate credit scores?|||My initial guess is that the government is going to focus on credit default swaps, a market that boomed recently and has back-fired due to the housing market collapse and the subprime mess. This market needs regulation and the bankers need to be more conservative in their financial management.|||Wonderful. Stop the underground economy and those evade taxes. Stop the drug dealers cold. Stop arms dealers cold. Stop all sorts of illegal activities by being able to track the financial transactions of those who choose to be sociopathic.