I don’t think the government has any business doing this but, beyond that it makes sense. Firstly, it’s not “reams and reams” of information but, computerized transaction records that the banks and other institutions are - justifiably - pissed at having to waste a ton of money and manpower to strip of personal information.
If I were working on a national level, 10 million customers (the width of the dive) wouldn’t strike me as anything other than reasonable. It’s the time period (the depth of the dive) where you could see serious problems: 2 years, fine. 10 years, problem.
From the article:
[....Together with the Federal Housing Finance Agency, the consumer bureau [re:Consumer Financial Protection Bureau] is also creating a large database that will integrate consumer credit information with loan and property records....]
With all this ‘integrating’ on such a massive scale, it seems hard to believe they won’t be able to pinpoint who is who, if they really want to find where you spend your money, who you are, what you own, etc. It just seems very fishy to me...
It is not the government,it is a shadow agency that is independent,it answers to no one,it gets any money it requests without going through the regular appropriations process,we want this amount of money and they get it period
There is no recourse to their edicts