Submitted by tensai on
Accordig to The Register a man was indicted on fraud charges for opening thousands of accounts with ETrade and Charles Schwab. He had them send micro-payments, just a few cents each, and then collected the booty. Interesting story and may he rot in jail. But what I find particularly interesting is that his "undoing came as a result of the USA Patriot Act, which requires financial businesses to verify the identity of their customers". Wait, wait, wait. I thought the Patriot Act was to catch terrorists. Surely that isn't what they're claiming.
Make no bones about it, all these new laws to fight the "war on terror" have ulterior motives. Sure, they may help find terrorists but there is no doubt that LEAs have received a carte blanche for laws they've always wanted. They've learned well from Microsoft, it appears, and have passed around so much fear, uncertainty and doubt (FUD) that our lawmakers have given them pretty much whatever they want. What we really need is to settle down and quite acting out of instinct and fear, and instead use a little of that logic stuff.
1 Comment
FUD equals good government?
Submitted by David (not verified) on
Unfortunately, dear brother, FUD is constantly used to try to increase the size and intrusion of government. It is particularly useful in making people feel unsafe (for national security issues) or insecure (for domestice programs). Logic has no place in government it seems.