Watching you through your money

 
JBS News Feed

Watching You Through Your Money

By Dennis Behreandt

Published: 2008-03-17 14:15

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ARTICLE SYNOPSIS:

Eliot Spitzer was caught, in part, because his bank was monitoring his financial transactions and notified federal investigators of suspicious activity. The lesson: they are watching you, too.

Follow this link to the original source: "Credit Card or Bank Transaction: Somebody Watches"

COMMENTARY:

To pay for his prostitute, former New York governor Eliot Spitzer sent wire transfers to a shell company that was a front for the prostitution ring. His bank noticed the transactions, and gave information about them to the federal government.

That might seem reasonable in the Spitzer case. After all, we certainly don’t want elected officials in high office engaging in illegal activity. But, what about the Fourth Amendment, which states in fairly clear language: "The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated…."

As ABC News points out, the Fourth Amendment no longer seems to apply to financial transactions. Commenting on the Spitzer scandal, ABC News business reporter Scott Mayerowitz notes: "Every time you swipe your credit …. http://jbs.org/node/7512

 

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