5 ms·

Eroding confidence in banking systems shouldn't be an American goal. Instead, protecting and securing those systems should be the goal.

• notyourwork 9y ago
  How does NSA spying on financial transactions erode confidence in banking system?
  • thesimon 9y ago
    Most people probably expect a high level of privacy.
    • anigbrowl 9y ago
      Not from government actors, unless they're clueless.
      • ionised 9y ago
        Having expectations is not the same as having those expectations shattered
  • hl5 9y ago
    Because it encourages adoption of alternative systems. The Swiss Banking Act of 1934 is an indicator of the magnitude of change that can occur when banking privacy is not respected.
    • folli 9y ago
      Some more information about the Banking Act: https://www.theguardian.com/business/2015/feb/08/hsbc-files-1934-swiss-law-secrecy https://www.theguardian.com/business/2015/feb/08/hsbc-files-...
  • harigov 9y ago
    Given the number of leaks coming out of intelligence agencies lately, I am not sure if this information will be safe either. I wonder how many countries will topple if their politicians bank account details leaked.