Our Patriotic DebtSubmitted by valerie on Fri, 05/02/2008 - 07:07
April 30, 2008
by Elwood Earl Sanders Jr.
"Hence, there is extreme temptation for bankers to, in effect, inform on their customers. It was not always so: Particularly onerous Treasury regulations proposed in 1999 called ‘Know Your Customer” were beaten back by Congress in a victory for Rep. Ron Paul, who is now a presidential candidate. Alas, many of the rules adopted in the Patriot Act were identity requirements made into law. There can now legally be no secret accounts or accounts under an assumed name in the United States. "