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Obama Administration To Allow All Spy Agencies To Scour Americans' Finances

New submitter KrisJon writes "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. Financial institutions that operate in the United States are required by law to file reports of 'suspicious customer activity.' A move like the FinCEN proposal 'raises concerns as to whether people could find their information in a file as a potential terrorist suspect without having the appropriate predicate for that and find themselves potentially falsely accused,' said Sharon Bradford Franklin, senior counsel for the Rule of Law Program at the Constitution Project, a non-profit watchdog group."

2 of 405 comments (clear)

  1. Why bother? by Hatta · · Score: 1, Troll

    We already know who the financial terrorists are that are the biggest threat to our economy and national security. And they're all Obama donors.

    Why does Obama need a financial monitoring network when he can't bother to throw Lloyd Blankfein in jail for well established fraud, perjury, and racketeering?

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  2. Re:Forgotten 2012 campaign poster by Anonymous Coward · · Score: 0, Troll

    If you need an explanation then you are as dumb as rocks... Clearly, you voted for Obama.