Bob Barr: Financial ‘Reform’ Imperils Consumer Privacy

2008 Libertarian presidential candidate Bob Barr writes in Roll Call:

There may be a number of reasons to oppose the financial services “reform” legislation passed recently by both houses of Congress and now headed to conference committee to work out differences — its length, its complexity and its many regulatory mechanisms.

One of the strongest grounds on which to cast a jaundiced eye toward this latest legislative initiative of the Obama administration, however, is its creation of privacy-invasive mechanisms through which the federal government will be able to monitor and direct every facet of personal consumer financing activity in the country.

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