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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

Dec 4 4:00 PM EST

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To: long-gone who wrote (23464)	11/27/1998 12:59:00 AM
From: Investor-ex!	Read Replies (2) of 116795

Richard, California bankers oppose snooping plan FDIC extends 'Know Your Customer' public comment period "We didn't back it in the first place," said John Stafford of the California Bankers Association. "It emerged from the Treasury, the FDIC and the Federal Reserve. They all had comparable forms (of the proposed changes). The purpose of these regulations is to crack down on terrorism and drug trafficking by greatly limiting their ability to do business at a legitimate institution." Stafford said the proposal is not effective. "Our view on the proposal is that it is intrusive and cumbersome," he said. Cumbersome and intrusive -- how's that for understatement?! Terrorists and drug traffickers generally don't use US banks, and when they do, they likely dispense bribes for their laundering activities anyway. What a load of carp! Orwell was only off by about 15 years. worldnetdaily.com

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