notion was it was necessary to compute bank deposit insurance
* requirements in real time.
*
* Not everyone thought this was a good idea. The American Bankers'
* Association noted it was inconceivable that such data would "be
* used only by the FDIC in deposit insurance coverage functions."
*
* Even though the FDIC argued against it, FinCEN then proposed in
* its draft re****t to Congress in June 1993 a "Deposit Tracking
* System" (DTS) that would also track deposits to, or withdrawals
* from, U.S. bank accounts in real time. FinCen is the Financial
* Crimes Enforcement Network agency.
# Privacy Journal, By Robert Ellis Smith, January 1989 issue
#
# Al Bayse, Assistant Director of the FBI, said the FBI has developed an
# artificial intelligence system, called Big Floyd, that can analyze
# thousands of disparate financial transactions and establish links
# between seemingly unconnected suspects.
#
# The same artificial intelligence methodology will be used to establish
# links in terrorism, white-collar crime, intelligence breaches, and
violent
# crimes with common clues or techniques.
Cybernetic control of society.
Everything on-line and monitored in real-time.
: From: "EPIC-News" <epic-news@[EMAIL PROTECTED]
>
: Date: 05 Jun 1997 19:01:58 -0400
: Subject: EPIC: Clinton Endorses Privacy Rights
:
: In a commencement address at Morgan
|
