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Obama Now Watching Your Credit Cards. Requests $70B in New Intel Programs & Ops
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Administration found with plans to grab 'non-public, confidential information'
The documents confirming the effort were released today by Judicial Watch, the Washington watchdog organization that tracks down, investigates and presses for prosecution of federal crimes.
[link to www.judicialwatch.org]
“The Obama administration’s warrantless collection of the private financial information of millions of Americans is mind-blowing. Is there anything that this administration thinks it can’t do?” said Judicial Watch President Tom Fitton.
“These documents show that the Consumer Financial Protection Board is an out-of-control government agency that threatens the fundamental privacy and financial security of Americans. This is every bit as serious as the controversy over the NSA’s activities.”
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Among other things, it found that the board, authorized by the 2010 Dodd-Frank financial reform plan, wants large amounts of credit information from millions of consumers, reportedly for a number of “policy research projects.”
The broad outline states: “The panel shall include 5 million consumers, and joint borrowers, co-signers, and authorized users. The initial panel shall contain 10 years of historical data on a quarterly basis.”
Read more at [link to www.wnd.com]
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