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Obama wants the CIA to see your bank records... all of them. And yes, in the name of fighting terror.

(Reuters) - 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.

Financial institutions that operate in the United States are required by law to file reports of "suspicious customer activity," such as large money transfers or unusually structured bank accounts, to Treasury's Financial Crimes Enforcement Network (FinCEN).

The Federal Bureau of Investigation already has full access to the database. However, intelligence agencies, such as the Central Intelligence Agency and the National Security Agency, currently have to make case-by-case requests for information to FinCEN.

The Treasury plan would give spy agencies the ability to analyze more raw financial data than they have ever had before, helping them look for patterns that could reveal attack plots or criminal schemes.

Continue reading at Reuters



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I want to see all of his financial records and thensome!

FREAKO OBAMA!

BUMP

D

BUMP

D

That's because they benefit from the fraudulent Ponzi

scheme that is fractional reserve lending and the central banks. They will only support, as you say, selective issues that enable their continued power and control over all of us.

beephree

IRONY

Bush said that whoever funded the 9/11 terrorist attacks was "of little practical signifigance". Obama says he must look into OUR bank accounts, 12 years later, "to fight terrorism". Hey Feds, get it straight--either looking into finances is important or it isn't. And how about you straighten out your own finances before you come digging through ours?

I feel safer knowing that officials are doing all they can

If it makes us safer, protects the children, or saves just one life, then it is all worth it.

We all want progress, but if you're on the wrong road, progress means doing an about-turn and walking back to the right road; in that case, the man who turns back soonest is the most progressive.

-C. S. Lewis

Say Sike

or take that comment to a MSNBC thread... Sacrificing Liberty for Safety = deserving of niether... Troll

"We didn't start the fire. No, we didn't light it - but we tried to fight it."

I guess you didn't get my sarcasm

...

We all want progress, but if you're on the wrong road, progress means doing an about-turn and walking back to the right road; in that case, the man who turns back soonest is the most progressive.

-C. S. Lewis

Phxarcher87's picture

WE need everyting encrypted

even my coffee maker so they don't know what time i wake up and get ready for the fight everyday.

THE CLASS OF CITIZENS WHO PROVIDE AT ONCE THEIR OWN FOOD AND THEIR OWN RAIMENT, MAY BE VIEWED AS THE MOST TRULY INDEPENDENT AND HAPPY.
James Madison

Google

Protected Mobility

"We didn't start the fire. No, we didn't light it - but we tried to fight it."

Selective enforcement

Too bad Obama and Holder refuse to look at the federal and fractional reserve banking systems, the banksters' fraudulent financial records, money laundering, high-frequency trading and market manipulations, etc. Selective enforcement of the law doesn't allow them to probe too deeply when the government benefits or they're providing cover for corruption by their largest campaign donors.

For someone who has sealed

For someone who has sealed all his own records with many questions surrounding their legitimacy, it is laughable to think Obama is trying to overturn your right to personal privacy.

In the meanwhile,

In the meanwhile, "terrorists" will get wise and start using cash in hand or another untraceble method, while you guys get dumped with a massively over breach of privacy for god knows how long

What right do they have in doing this, why would banks think this would be okay, oh right, bailouts might have something to do with it, and no doubt a few sticks up peoples backsides worshiping goevernment

Wait

Wait.

Cash will be next. They will limit the use of cash severely. They are already doing this:

1. Look at the discussions to eliminate penny.
2. Transactions over $10,000 automatically scrutinized
3. Food Stamps (aka SNAP) can already be received only via debit card.

Engage in Secure Exchange

i thought the cia wasnt

i thought the cia wasnt allowed to operate in the usa.

Thats what they say when they

Thats what they say when they are on public record, away from that, "whatever gets the job done", what we dont know wont hurt them, right

...that's a pretty naive

...that's a pretty naive thought...think Kennedy!

Who do you think is running

Who do you think is running the fusion centers?

"likely to trigger intense criticism from privacy advocates."

So you better stop it or we will criticize you a second time. I know all the criticism we have given you in the past is slowly wearing you down and by god we will continue to criticize you until you can take it no more and give up the power we have allowed you to have.

Man I tell you that this criticism tactic is working real well for privacy advocates. Wink wink, nudge nudge.

Whose business is it at ALL who has what account and where?

Since when does the government have any right to know anything.

I know there is a $10,000.00 trigger but why?

Even if you buy metals for over ten grand causes the IRS to be invloved.

So if you buy gold by the ounce and it ever goes over $10,000, then they will know when you sell it.

Maybe half ounces or less are better.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Why the heck do they think

Why the heck do they think this will work to help find terrorists when they have trouble finding tax cheats? Oh...thats right, ulterior motives...

To climb the mountain, you must believe you can.

Sooo, in other words

They want to know our habits. What we buy, where we frequent, who we associate with, and where we travel to.

It's insane the amount of information you can learn about someone, just looking at their financial records.

This is why they hate cash, they can't track it.

Financial records are just one piece of the puzzle...

...albeit a big piece!

link

I'm a serial entrepreneur and liberty activist from Texas!

www.RevolutionCarBadges.com
www.NonNetwork.com

Or tax it as easily ...

The Forth Amendment is Dead. vvv Click here for tribute vvv

http://www.youtube.com/watch?v=ZtdyQ2m-Q04

"We didn't start the fire. No, we didn't light it - but we tried to fight it."

Time to close the last account.

We have a credit union account still, but I think I will close it.

Love or fear? Choose again with every breath.

Is it a credit union like this though?!

lol! FUCU

Love it. See my reply below. It is a TINY credit union, 2 offices.

Love or fear? Choose again with every breath.

What do you do?

Convert all your funds to cash and save with silver? I'm going that route but I still need to bank... which is why this pisses me off.

"We didn't start the fire. No, we didn't light it - but we tried to fight it."

We are developing the farm.

That is what we did for years, now we are spending the silver trying to get as self reliant as possible.
And, we used a local credit union, but when we got the account, something very odd happened. The girl doing our paperwork said "Well, I have to run a DHS check and then we are all done" and she typed something onto her keyboard, waited a moment, then her eyes got big as saucers and she laughed nervously.
You tell me what the hell that was about. I'm about done playing with financial institutions of any sort.

Love or fear? Choose again with every breath.