http://www.redesign.rumormiller.com/story.php?title=congress-agrees-to-halt-bank-scans-1 (http://www.redesign.rumormiller.com/story.php?title=congress-agrees-to-halt-bank-scans-1)
QuoteCongress today agreed that the scans of accounts and assets at all US banks were too invasive to continue. "In light of privacy concerns raised by banks, we're calling for a 2 year moratorium." Announced House Speaker Nancy Pelosi. The scans, passed as part of President Obama's response to the meltdown of the financial system were aimed at detecting behavior that could lead toxic assets to flow into US financial markets. Since their inception many banks have complained that the scans violate their privacy and are ineffective at best. Chase Bank President Jamie Dimon famously told a Senate Financial Committee "Don't touch our junk bonds, or I'll have you arrested!"
Republican Senator Mitch McConnell explained that halting the scans was an important first step in restoring the economy. In response to criticism that he broke his pledge to allow an legislation to pass before the restoration of Bush-era tax cuts, McConnell angrily defended his colleagues' actions saying "banking is the heart of our democracy. If the banks start complaining that we are violating their privacy, we, the Congress, has to act now, this isn't something that can wait until after the Christmas recess."
In addition, to halting all further scans, Congress began debating a bill which would impose a mandatory 15 year federal jail term for leaking internal banking documents. At press time the bill was expected to pass after House Democrats agreed to a clause calling for construction of a firewall that would prevent Americans from accidently reading leaked banking documents published by websites hosted in other countries. House Speaker Nancy Pelosi responded to criticism that the bill would violate the principles of open communication on which the internet was founded by saying "When this bill passes there will be serious jail time for reading leaked documents; if the firewall saves just one child from having to spend time in prison then it's worth it."
Looks like my life of cybercrime starts a lot sooner than I thought it would.
Quote from: Da6s on December 12, 2010, 01:47:16 AM
http://www.redesign.rumormiller.com/story.php?title=congress-agrees-to-halt-bank-scans-1 (http://www.redesign.rumormiller.com/story.php?title=congress-agrees-to-halt-bank-scans-1)
QuoteCongress today agreed that the scans of accounts and assets at all US banks were too invasive to continue. "In light of privacy concerns raised by banks, we're calling for a 2 year moratorium." Announced House Speaker Nancy Pelosi. The scans, passed as part of President Obama's response to the meltdown of the financial system were aimed at detecting behavior that could lead toxic assets to flow into US financial markets. Since their inception many banks have complained that the scans violate their privacy and are ineffective at best. Chase Bank President Jamie Dimon famously told a Senate Financial Committee "Don't touch our junk bonds, or I'll have you arrested!"
Republican Senator Mitch McConnell explained that halting the scans was an important first step in restoring the economy. In response to criticism that he broke his pledge to allow an legislation to pass before the restoration of Bush-era tax cuts, McConnell angrily defended his colleagues' actions saying "banking is the heart of our democracy. If the banks start complaining that we are violating their privacy, we, the Congress, has to act now, this isn't something that can wait until after the Christmas recess."
In addition, to halting all further scans, Congress began debating a bill which would impose a mandatory 15 year federal jail term for leaking internal banking documents. At press time the bill was expected to pass after House Democrats agreed to a clause calling for construction of a firewall that would prevent Americans from accidently reading leaked banking documents published by websites hosted in other countries. House Speaker Nancy Pelosi responded to criticism that the bill would violate the principles of open communication on which the internet was founded by saying "When this bill passes there will be serious jail time for reading leaked documents; if the firewall saves just one child from having to spend time in prison then it's worth it."
Looks like my life of cybercrime starts a lot sooner than I thought it would.
THIS. IS. AMERICA! :horrormirth:
What a fab non-answer, Pelosi. UGH. Not voting for her next time around.
QuoteIn response to criticism that he broke his pledge to allow an legislation to pass before the restoration of Bush-era tax cuts, McConnell angrily defended his colleagues' actions saying "banking is the heart of our democracy. If the banks start complaining that we are violating their privacy, we, the Congress, has to act now, this isn't something that can wait until after the Christmas recess."
:lulz: :horrormirth:
Won't Somebody Please Think Of The Children Banks!
Quote from: Da6s on December 12, 2010, 01:47:16 AM
http://www.redesign.rumormiller.com/story.php?title=congress-agrees-to-halt-bank-scans-1 (http://www.redesign.rumormiller.com/story.php?title=congress-agrees-to-halt-bank-scans-1)
Apparently "rumormiller" is notorious joke site, and this isn't legit just yet.
:kingmeh:
Quote from: Da6s on December 12, 2010, 02:25:42 AM
Quote from: Da6s on December 12, 2010, 01:47:16 AM
http://www.redesign.rumormiller.com/story.php?title=congress-agrees-to-halt-bank-scans-1 (http://www.redesign.rumormiller.com/story.php?title=congress-agrees-to-halt-bank-scans-1)
Apparently "rumormiller" is notorious joke site, and this isn't legit just yet.
:kingmeh:
Meh. It's still horrormirthy and believable. AWS material, for sure.
Kindof a pity really, I can't imagine a better way to get everybody looking at the banks' dirty laundry.
remember the days when it was obvious what articles were satire and what was legit news™?
come on JUNK BONDS?
Quote from: Da6s on December 12, 2010, 02:39:51 AM
remember the days when it was obvious what articles were satire and what was legit news™?
Yeah... those were some boring times. :lulz:
Damn near gave me a heart attack. :x
AWS gold right here.
Quote from: Da6s on December 12, 2010, 02:39:51 AM
remember the days when it was obvious what articles were satire and what was legit news™?
oh this.
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!
If this bill passes, kiddies will go to jail, so we need to pass this law so they won't.
:lulz:
Except it's not real.
Quote from: East Coast Hipster on December 13, 2010, 05:08:55 PM
Except it's not real.
Yet. :lulz:
Poe's Law OWNS this fucking Century.
I had to look Poes Law up. I fail.
Americans' approval of Congress has hit a new low, according to a new national survey.
A Gallup poll released Wednesday indicates that only 13 percent of the public gives Congress a thumbs up on the way its handling its job, with 83 percent saying they disapprove. The 13 percent approval rating is the worst Gallup has measured in the more than three decades it has been tracking public opinion of Congress, with the 83 percent an all time high for a disapproval rating.
http://politicalticker.blogs.cnn.com/2010/12/15/poll-new-low-for-congress-approval/#more-139880
They really had to take a poll to figure that out?