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View Diary: European Parlament recommends suspending banking data sharing with US until NSA receives oversight (37 comments)

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  •  Visceral - this would have NO impact on our wallet (1+ / 0-)
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    Catte Nappe

    The diary title is misleading. This would have no impact on normal commercial transactions. This is very specifically about reporting transactions to the US to track potential terrorists. It would not stop any transactions whatsoever, and hot his anyone's wallet.

    No political body would ever suggest suspending commercial banking transactions between US and European banks. The damage such an action would cause is inconceivable.

    "let's talk about that"

    by VClib on Fri Oct 25, 2013 at 10:55:39 AM PDT

    [ Parent ]

    •  too bad; I wanted rich people to suffer (0+ / 0-)

      I don't do any international financial transactions with Europe and I don't imagine most Americans do either.  The only people who would be affected by restrictions on international transactions are corporate "persons", rich people hiding money abroad, and forex speculators.

      Domestic politics is the continuation of civil war by other means.

      by Visceral on Fri Oct 25, 2013 at 12:32:44 PM PDT

      [ Parent ]

      •  Visceral - no rational person would ever suggest (0+ / 0-)

        that banking relationships between the US and Europe be suspended. While you personally may not have any banking relationships with Europe any company in your community that exports to Europe would have no way to collect for those products and would have to reduce staff, setting off a catastrophic economic crises that would effect much more than rich people hiding money or currency speculators.

        "let's talk about that"

        by VClib on Fri Oct 25, 2013 at 12:47:09 PM PDT

        [ Parent ]

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