The BCFP

SoWal Insider

May 25, '10 · 4:37 PM656

The bill, if it becomes law, would create the Bureau of Consumer Financial Protection and empower it to ?gather information and activities of persons operating in consumer financial markets,? including the names and addresses of account holders, ATM and other transaction records, and the amount of money kept in each customer?s account.

The new bureaucracy is then allowed to ?use the data on branches and [individual and personal] deposit accounts ? for any purpose? and may keep all records on file for at least three years and these can be made publicly available upon request.

CNSNews.com - Senate Democrats Pass Bill Allowing Govt to Collect Addresses, ATM Records of Bank Customers

Big brother is watching you.

Replies

SoWal Insider

May 25, '10 · 7:06 PM#2

Immediately I think, "Good to track terrorists......and, those Wall St. Basterds."

But, an attorney friend of mine and I had dinner a couple of years ago and while I had always taken the position that if I am being watched, why do I care? I have nothing to hide. However, from the respect of our rights and the Constitution these little bills are stripping away our good ol' USA Freedoms.

I am not for these little bills that sneak through.

SoWal Expert

May 25, '10 · 7:23 PM#3

I thought they could already do this. :idontno:

Though I don't like that someone in the public can now ask for my financial records and get them. Sheet like that is going on I may as well join Facecrack.

SoWal Insider

May 25, '10 · 7:27 PM#4

Scooterbug, I think they could access if there was cause. Now, they don't even need cause. Watch the mailboxes be filled with junk offers soon.

P.S. The minute you close on your home, you will be inundated with 0% offers.

SoWal Expert

May 25, '10 · 8:30 PM#5

Oh, I am already pitching a fit because I got my first piece of mail from a local company congratulating me, referencing the GD new property address, and soliciting my business (I will wear a tube top, beehive, and spike heels to my job at Wal-mart first because I am so pissed off) ...................dated within 24 hours of the GD closing! :pissed:

I have no problem living my life "on the grid" and being a good citizen but I DO mind the details of my life being released for marketing fodder WITHOUT my say-so!

Beach Fanatic

May 25, '10 · 8:40 PM#6

lalalalalalalalalalalalalalalal lalalalalalalalalalalalala lalalalalalalalalalala lalalalalalala

lalalalalalalalalalalalalalala

lalalalalal

I may as well join Facecrack.

Hell Freezes Over

SoWal Insider

May 25, '10 · 9:00 PM#7

Snow Devil?? Resembles Lucifer a little. :lol:

SoWal Expert

May 25, '10 · 9:12 PM#8

I WAS seriously considering it until the latest round of articles about 'how crappy Facebook's privacy settings were and how they would never change' came out! ;-)

I love that cartoon! :rofl:

Beach Fanatic

May 26, '10 · 7:05 AM#9

I love CNSNews: they always put such a positive spin on things. This article points out how good the oil spill is for the poor people in Louisiana:

CNSNews.com - Oil Spill Brings Mini-Job-Boom to Gulf Region

Beach Fanatic

May 26, '10 · 7:41 AM#10

That is an AP article being carried by most major news outlets. I don't think it puts a positive spin on the spill per se. It just seems to report an unintended but factual outcome. No?

SoWal Insider

May 26, '10 · 7:43 AM#11

I agree Geo; it's factual. And, I hope it does prove very positive for all who are directly affected.

Beach Fanatic

May 26, '10 · 7:47 AM#12

It's CNSNews' top story on the oil spill today. The only other oil spill story is about Obama's "touting" alternative energy.

Beach Fanatic

May 26, '10 · 8:05 AM#13

Never even heard of CNS. Not really seeing a spin or getting your point. Like I said, this is an AP article and is being carried by major news outlets. I'm really into discussing media bias, agenda setting, other mass media issues. I just don't see one here. Do you?

Beach Fanatic

May 26, '10 · 8:32 AM#14

You don't see any bias in the lead article about the oil spill being about the jobs it creates? This morning, when the top kill is still being decided?

Beach Fanatic

May 26, '10 · 9:04 AM#15

I read the article at CNN.com (not cns) before you ever posted it here. So I never saw it as a lead story.

I don't see bias or questionable timing. The article seemed objective. It didn't read to me like it was making the point that there is a silver lining. It just said the truth- that during tragedies such as these that there is a temporary uptick in some service and support industries.

I see plenty of media bias. Just not here. Two cents...

SoWal InsiderAuthor

May 26, '10 · 9:14 AM#16

HufPo's take -

John Taylor: The Consumer Financial Protection Bureau: 4 Reasons It Will Be A Stepchild To Big Daddy Regulators

I have to say, the fact that liberals feel the BCFP is too weak, is music to my ears. If this were about cell phone calls and emails instead of financial transactions, I suspect their view would be a little more critical.

Beach Fanatic

May 26, '10 · 9:21 AM#17

Once again, Geo, you are right. The oil spill is a disaster but the paranoia surrounding the news reports from all sources is beginning to become frightening. This not said to belittle the situation it is just a result of the tragedy.