Wednesday, February 7, 2024

Treasure Sec'y Yellin avoids anwering whether Biden Treasury Dept. asked banks to search private transactions


Big Brother is watching you, especially watching who you support politically and to which institutions you donate. 

When she was asked if the Treasury Department pressured banks and other financial institutions to spy on legal purchases for signs of "extremism" our illustrious Treasury Secretary Janet Yellen did a head fake and ducked the question, Fox News reported in not so many words. This was to be in part of an investigation into the January 6, 2021 events.

The banks were asked to filter legal purchases with terms such as "MAGA," "Trump," "Cabela's," "Bass Pro Shops," and "Dick's Sporting Goods." They were also warned that the sale of "religious texts" could indicate "extremism." 

Holy fishing atheists, Batman!

Jim Jordan (R-OH) the House Judiciary Committee Chair stated in a letter that after January 6, the Treasury Department’s Office of Stakeholder Integration and Engagement in the Strategic Operations of the Financial Crimes Enforcement Network (FinCEN, aka Big Brother), sent banks outlines “typologies” of “various persons of interest” as well as “suggested search terms and Merchant Category Codes for identifying transactions on behalf of federal law enforcement.”

“According to this analysis, FinCEN warned financial institutions of ‘extremism’ indicators that include ‘transportation charges, such as bus tickets, rental cars, or plane tickets, for travel areas with no apparent purpose,’ or ‘the purchase of books (including religious texts) and subscriptions to other media containing extremist views,’” Jordan wrote to the former director of FinCEN. “In other words, FinCEN used large financial institutions to comb through the private transactions of their customers for suspicious charges on the basis of protected political and religious expression.”

Rep. Ann Wagner (R-MO) on Tuesday stated, “Increasingly, we are hearing the federal government is suggesting banks search private financial transactions using highly partisan political terms or check to see if customers made purchases that could be associated with legal sales of firearms or even religious texts.”

Wagner asked Yellen, “Has Treasury — including FinCEN or federal banking agencies like the Fed, FDIC, OCC — instructed financial institutions to search Americans’ legal transactions in attempts to surveil their purchases?”

“Well, we received the letter from you, I believe, on this topic, and we intend to investigate and to respond,” Yellen dodged.

“Have you instructed banks and financial institutions to provide this information?” Wagner pressed.

“Well, FinCEN, our job is to work with financial institutions to make sure —” Yellen replied in her grandmotherly voice.

“Are they instructing financial institutions to search Americans’ legal transactions in attempts to surveil their purchases?” Wagner reiterated.

“I promise a thorough look into everything,” Yellen lied.


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