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If the Government Is Going to Spy … Why Doesn’t It Do Something Useful?
The big banks have committed massive crimes and manipulated virtually every market.
The failure to prosecute fraud is preventing a sustainable economic recovery.
As such, prosecuting Wall Street fraud is arguably an issue of national security.
The government is collecting everything … and spying on just about everything we do.
We are passionately opposed to mass surveillance. But – if the government is doing so – why can’t it gather info on the crimes of the big banks … so we can prosecute them?
You might assume that spying is only used to stop terrorism.
But the government has – in fact – often invoked national security powers in regards to the financial system. For example, Business Week reported on May 23, 2006:
President George W. Bush has bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations.
Contacts and Sources:
Washington Blog