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How does NSA spying on financial transactions erode confidence in banking system?

• thesimon 10y ago
  Most people probably expect a high level of privacy.
  • anigbrowl 10y ago
    Not from government actors, unless they're clueless.
    • ionised 10y ago
      Having expectations is not the same as having those expectations shattered
• hl5 10y 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 10y 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 10y 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.