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On 98-11-23 WorldNetDaily published a financial article titled: (http://www.worldnetdaily.com/bluesky_exnews/19981123_xex_big_brother_.shtml) The article begins, "Are you a potential criminal?...The government would like to know and they are about to force banks to be their detectives." An intriguing statement to say the least! What it means is, that our friend, the government, is once again using the cover of a crisis to steal more of your freedom. The Federal Deposit Insurance Corporation (FDIC) (Remember "Rest Assured - Your Funds Insured") wants to force banks to develop customer "profiles" of their customers and have their computers red-flag "deviations" which they would then report to Big Brother. (i.e. Spy on American citizens.) Once again, our insatiably power-hungry government ~ George Washington is contriving to put law-abiding citizens in the box by switching premises and presuming them "Guilty until proven innocent."A 29-page FDIC document would require banks to determine the identity, source of funds and normal and expected transactions, monitor account activity for transactions that are inconsistent with the customer's profile and report any transactions determined to be "suspicious". A number of banks are now requiring fingerprints to open accounts and cash checks. Several lawsuits are pending contesting the right of banks to require fingerprints. Considering the many errors currently found on credit reports, it won't be long until banking records are similarly corrupted. The FDIC claims that the LAW requires them to develop regulations to require banks to "establish and maintain internal procedures reasonably designed to ensure and monitor compliance with the Bank Secrecy Act." - Some secrecy act! And the FDIC is not the only federal organization hatching such nefarious plots. The article says,that "The FDIC does not wish to permit any loop-hole which would leave any bank customer unidentified or unsupervised." Laws-a-Mercy No! We couldn't have that! ~ Big Brother The article continues, " The FDIC has sent copies of the proposal to all banks and is asking for input. The questions asked by the FDIC in the proposal do not ask whether the regulations should be put into place, only how to implement them in the best way. None of the questions in the proposal are directed to bank customers." Now THAT is what I call downright arrogant!Also, there is absolutely mention of regulations providing access to bank records by customers so that errors can be found and corrections made. The FDIC does provide for citizen comment prior to implementation of their new banking regulations. The deadline for comments is 98-12-27. It's up to you. This balloon can collapse if enough of us rise up on our hind legs and let the Powers-That-Be know that we are aware of their plot and create a grass-roots uproar of outrage against the FDIC "Know Your Customer" program. Contact resources are below. Use them! eMail Addresses Consumer Information for Consumer protection issues and inquires Public Information Center for documents available to the public Office of the Ombudsman for help in dealing with FDIC Snail-Mail Robert E. Feldman Executive Secretary Attn: Comments/OES Federal Deposit Insurance Corporation 550 17th Street N.W. Washington, DC 20429 Fax 202-898-3838 Phone Numbers Ombudsman Office 800-250-9286 Public Information Center 800-276-6003 
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