FDIC Investigatory Powers

[Ken Medlin <dev-plan@moscow.com>]

Alert to Visionaries:  A Federal bill empowering FDIC with broad, almost 
indiscriminate investigative and reporting authority may seriously invade 
household finance privacy according to a Washington source (Dr. T.A. 
Cooper -- 
tacooper@dca.net). Only a few days remain for citizens to register a 
protest against --
   - bank monitoring of personal accounts to discover any "source of 
funds", to examine your "normal and expected bank transactions, and to 
report on "suspicious activity" as determined by federal investigators
   - require bank tellers to inform on any customer whose account appears 
to them to be suspect

These measures would appear to empower both bank employees and Federal 
agents to cast criminal shadows over anyone whom they suspect of engaging 
in questionable financial transactions. But the definitions and criteria 
for doing any such reporting appear questionable. Freedom and 
confidentiality in banking may well be threatened. For more information, 
check the web at -- www.defendyourprivacy.com (a petition is included 
there). Dr. Taylor may be able to provide more information.  A word to 
the wise? It may not be as bad as it sounds, but some of us think that 
more congressional and citizen review is very necessary here.  W. Ken 
Medlin

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William K. Medlin
Dev-plan associates
930 Kenneth Street
Moscow ID 83843
208/892-0148
dev-plan@moscow.com