Saturday, March 15, 2008

Some stuff about Spitzer's fall doesn't smell right

I blogged here on the subject a couple of days ago, and here's a link to the Register's editorial on Friday discussing some aspects of the Eliot Spitzer downfall that might just be cause for concern. The most troubling, of course, is that very fact that banks are required to report transactions of $10,000 or more to the feds, and also transactions of smaller amounts within a few days of each other that might look like "structuring" to get around a law that should not be on the books in the first place.

The $10,000 transaction law, of course, is part of the Holy War on Drugs. They haven't reduced the number of people who use illicit drugs, but they sure have found ways to violate the privacy of Americans on a wholesale basis.

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