Reform?

Another reason not to use CC's or the ATM at strip clubs. <br type="_moz" />

It is not now, nor has it ever been, nor will it ever be, about the safety, financial or otherwise, of the public.&nbsp; It is about control and power.&nbsp; Taking it away from us, and giving it to those who &quot;know what's best for us&quot; even if we disagree with their assessment.<br />
<br type="_moz" />

Well, I think the Congressional legislation is linked to this story:<br />
<br />
<a href="http://www.nytimes.com/2010/06/01/busine… />
<br />
With 650,000 households living &quot;rent free&quot;, how better to gather monies due than to empower financial bounty hunting?&nbsp;&nbsp; Some time ago (two years?) I recall a story about a mortgage debtor who missed a payment on purpose, only to realize his bank simply debited his linked accounts for the amount due.&nbsp;&nbsp; So I'm guessing the 650,000 in the Times story have their monies hidden with banks not related to their mortgage holder,&nbsp;or in assets like 401ks, etc.&nbsp;&nbsp; So Congress paves the way for financial bounty hunting by allowing so motivated folks to see what assets and income streams anyone of interest (ie one of the 650,000) has, which can then be presented to a court of law to obtain a judgement against the defendent and a court order for seizure of assets.&nbsp;&nbsp; The mortgage holder gets some money, the financial bounty hunter gets their take, and the 650,000 member gets their responsibility 'day of reckoning'.&nbsp;&nbsp; Problem is though, where does the law go from there?&nbsp;&nbsp; Preventing terrorism?&nbsp;&nbsp; Probably okay.&nbsp;&nbsp; Allowing someone with a personal grudge to abuse the power???

This actually empowers bill collectors to a degree they never had before. Can you say &quot;First Bank of the Mattress&quot;?

I wonder whether it's legal to employ some of the laid off talent in China and India to call homes in the U.S. about debt collection?&nbsp;&nbsp; Think of it, with their newly learned English, a bill collection agency could call themselves from 9am-5pm EST, then have their Chinese office call from 5pm-1am EST, and finally the India office call from 1am-9am EST for &quot;round-the-clock harassment&quot;.&nbsp;&nbsp;&nbsp;

<span style="font-size: larger;"><span style="font-family: Times New Roman;"><strong>&quot;CNSNews&quot;</strong> is <i>not</i> a real news agency.&nbsp; It's just a far Right-wing website masquerading as one.&nbsp; They do not link to the most current version of the bill, which was substantially amended on the Senate floor &amp; was not yet publicly available as of 5/24/10.</span></span><br />
<br />
http://www.dandodiary.com/2010/05/articl… />
<br />
http://www.washingtonpost.com/wp-dyn/con… />
<br />
<br />
<br />

At the risk of sounding completely out of touch here: other than &quot;big brother&quot;, what is the motivation behind this legislation?<br type="_moz" />