[LINK] US government agency monitors most credit card transactions; "If you're not doing anything wrong . . ."

Robin Whittle rw at firstpr.com.au
Sat Sep 14 13:26:01 AEST 2013


According to this article:

http://washingtonexaminer.com/cfpbs-data-mining-on-consumer-credit-cards-challenged-in-heated-house-hearing/article/2535726

the Consumer Financial Protection Bureau aims to monitor 80% of US
credit card transactions this year.  It is not clear from the article
how this data is used, but mainly Republican congressfolk are upset
about it.


In a discussion about this on Karl Denninger's Market Ticker:

  http://market-ticker.org/akcs-www?post=224299

someone posted a graphic image: http://www.quickmeme.com/meme/3usegz/

in which Philosoraptor is quoted as saying:

    The government says "If you're not doing anything
    wrong, you shouldn't have anything to hide".

    If that is true, shouldn't the government
    declassify everything?

Several hundred other such utterances can be found at:

  http://www.quickmeme.com/Philosoraptor/

and new ones can apparently be added anonymously.  The background to
Philosoraptor is explained at:

  http://knowyourmeme.com/memes/philosoraptor

Googling "If that is true, shouldn't the government declassify
everything" there were only 10 results, the earliest of which was dated
2013-06-09: and which cites Philosoraptor:

  http://pikdit.com/i/hmmm-5/

The quickmeme page states that it was created 3 months and 4 days ago
and has had 769,968 views.  In the modern age, cartoon reptiles seem to
be not such a bad source of aphorisms and philosophical fodder.

  - Robin




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