EconWithNick on Nostr: After reading more than 300 pages of congressional transcripts from 1968-1970, I ...
After reading more than 300 pages of congressional transcripts from 1968-1970, I finally found the first instance in which someone said the Bank Secrecy Act would harm financial privacy.
Clifford Sommer (American Bankers Association) urged Congress to reconsider what it was doing. Not a single witness before him (albeit, all government officials) seemed to be concerned about the Fourth Amendment or people's privacy.
Published at
2025-12-08 14:51:16 UTCEvent JSON
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"content": "After reading more than 300 pages of congressional transcripts from 1968-1970, I finally found the first instance in which someone said the Bank Secrecy Act would harm financial privacy. \n\nClifford Sommer (American Bankers Association) urged Congress to reconsider what it was doing. Not a single witness before him (albeit, all government officials) seemed to be concerned about the Fourth Amendment or people's privacy. https://blossom.primal.net/7246c761c6cba46c18f515a7fee5da75c01a3981018f92cfdd1f55ab1a058170.png ",
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