Bringing Down Spitzer: It's the Big Brother Who Should Bother Us

[dragonrider]

I do the exact thing he's acused of doing.

You bang high-priced prostitutes? Dude, you're gonna lose your job as Governor!

Just joking.

The purpose of the SAR reports of transactions over $10,000 are not usually to catch "money laundering." They are to flag suspicious transactions of large amounts of cash. Right or wrong, the government wants to know if you make large transactions in cash, becuase they think they might be "suspicious" in some way. It might not be right, but it does make some sense from the government's point of view --- I would guess most illegal transactions are handled with cash to avoid a paper trail.

dragonrider Reviewed by dragonrider on 03-13-2008. Bringing Down Spitzer: It's the Big Brother Who Should Bother Us By DAVE LINDORFF Gov. Spitzer's bust should give pause to those in Congress who are ready to hand President Bush a free pass to continue his six-year campaign of warrantless spying on Americans. We now know from yesterday's Wall Street Journal article that the spyingBush has been doing through the National Security Agency since early 2001 has included vast computer sweeps of not just internet and phone activity,but also bank and credit card transactions. These are sweeps of ordinary Rating: 5