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Electronic Transaction Reporting Slipped Into Senate Bill

StealthyRoid writes "The Senate mortgage bill proposed by Sen. Chris Dodd (who was the recipient of a sweetheart deal on his mortgage from Countrywide, one of the beneficiaries of the bill) includes an attempt to sneak into law a requirement that all electronic payment processors send detailed transaction data to the federal government. The proposed law contains an exception for businesses with fewer than 200 transactions or a total value less than $10,000. Quoting FreedomWorks chairman Dick Armey (former House majority leader) from the article: 'This is a provision with astonishing reach, and it was slipped into the bill just this week. Not only does it affect nearly every credit card transaction in America, such as Visa, MasterCard, Discover, and American Express, but the bill specifically targets payment systems like eBay's PayPal, Amazon, and Google Checkout that are used by many small online businesses. The privacy implications for America's small businesses are breathtaking.'" This is the same bill that contains a controversial provision to fingerprint all mortgage brokers.

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  1. Re:Well, I did hear on Art Bell by OeLeWaPpErKe · · Score: 0, Flamebait

    That Obama is the anti-christ, so I'm sure there are a few books out there.

    Actually his OWN site has a few blogs that could make one think that way.

    (blogs on the obama site are moderated, so Obama at least passively agrees with these blogs)

    (note that stuff there tends to disappear faster than Obama's campaign promises* once media link to it)

    http://my.barackobama.com/page/community/group/MarxistsSocialistsCommunistsforObama
    This group is for self-proclaimed Marxists/Communists/Socialists for the election of Barack Obama to the Presidency. By no means is he a true Marxist, but under Karl Marx's writings we are to support the party with the best interests of the mobilization of the proletariat ...

    http://my.barackobama.com/page/community/post/adamroberts/C2Qm/commentary
    The Neo-proleatarian is now the bearer of the Revolution. Thats why I support Obama. He helps destroy the paradigm of bourgeoisie government, which is best for the Proletariat. In the end, this will only hasten the Revolution even if the Revolution must come as a massive goverment reform...

    http://my.barackobama.com/page/community/blog/jemaahislamiyahforobama
    Jemaah Islamiyah For Obama

    We are a group that supports social justice for our oppressed Muslim brothers all over the world. We support Barack Obama for President because he is sympathetic to the plight of Muslims. He is a man of integrity, who will not be bullied by the neo-cons and the zionists. He will stand up for our oppressed palestinian brothers and sisters, whose land is being illegally occupied by that evil zionist entity whose name I just hate to even write.

    Who is Jemaah Islamaya you ask ? Well :

    Self-proclaimed killers of 202 people for "being infidels"

    * using military force for an undivided Israeli Jerusalem for example, but obviously Obama "didn't know what he was saying". What sort of an excuse is that if you want to become president ?

    But don't worry ... that this sort of stuff appears on MODERATED blogs on Obama's site obviously means that (I'm not kidding) :

    http://my.barackobama.com/page/community/post/michaelpugliese/gG5Gyt/commentary
    It's all planted by fascist right wingers

    It's democrats that currently control the laws, in case anyone's forgotten. This is therefore, their fault. And by extention, Obama's. Obama is a demagogue : he hates government power, EXCEPT WHEN HE'S THE GOVERNMENT

    How can anyone seriously be stupid enough to fall for this guy ?