Yellen doesn’t seem to see a privacy issue.
by Ken Macon | Reclaim the Net
Info Wars
According to proposals from the Biden administration, banks would be forced to provide aggregate credit and debit figures to the IRS every year, and the idea would apply to all bank accounts having at least $600 in balance or at least $600 in transactions.
We covered the controversial bank surveillance proposals in more detail here.
On Tuesday, Treasury Secretary Janet Yellen said she supported the plan. When asked about the new surveillance that many Americans feel is a violation of privacy, Yellen informed CNBC’s Squawk Box co-host Andrew Ross Sorkin that the “collection of information is routine.”