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View Diary: ACLU sues White House over 'dragnet' data collection (113 comments)

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  •  The financial blogs were trending towards (1+ / 0-)
    Recommended by:
    Chi

    calling Snowden a hero.  

    I reckon that that's because government intrusions into banking and finance transactions is not particularly popular on Wall Street.

    One wonders if there might be some financial institutions that also decide to file suit claiming that they have suffered lost business with foreign investors as a result of this revelation.  The financial markets in the top hubs are very sensitive about what competitive markets are able to do to attract foreign investment and disadvantages put in place by governments are not taken kindly or lightly, at all.

    This  Verizon warrant might just make things very interesting - and while Roberts, Scalia, Alito and Thomas might be inclined to block the ACLU, they might just sit up and listen to complaints were they to come from Wall Street.

    •  Financial trading often relies on secrecy (0+ / 0-)

      Very, very much so -- it gives you your trading advantage and is often the basis of making money.  The "general warrants" scoop of all their data is going to infuriate the financial traders.  Even more so than the people in other businesses.

      This is a business where "who I talked to when" can cause billion-dollar moves in the market, or make or break deals.

      Although the majority of businessmen are going to be infuriated by the unconstitutional NSA spying.  Commercial data security is an extremely important matter to a lot of businesses.

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