[DTS] would fundamentally change the relationships among banks, consumers, and the government in ways that have implications beyond banking policy. Our open and democratic society would be changed profoundly if any agency of the government maintained the scope of information on private citizens described in this proposal. It raises questions about our democracy that would have to be addressed by the highest policymaking levels of government.
Predictor: Casey, Diane
Prediction, in context:In a 1993 article for Wired magazine, Anthony Kimery, an editor at American Banker Newsletters, outlines the U.S. government’s efforts to keep a handle on private financial transactions. Kimery talks with Diane Casey of the Independent bankers Association in the process of explaining the Financial Crimes Enforcement Network – FinCEN. Kimery writes: ”Concerns about the DTS [Deposit Tracking System] have been widespread, although it has received scant attention in the mainstream press. But according to Diane Casey, executive director of the Independent Bankers Association of America, the DTS ‘would fundamentally change the relationships among banks, consumers, and the government in ways that have implications beyond banking policy. Our open and democratic society would be changed profoundly if any agency of the government maintained the scope of information on private citizens described in this proposal. It raises questions about our democracy that would have to be addressed by the highest policymaking levels of government.'”
Date of prediction: January 1, 1993
Topic of prediction: Controversial Issues
Subtopic: Privacy/Surveillance
Name of publication: Wired
Title, headline, chapter name: Big Brother Wants to Look in Your Bank Account: The U.S. Government is Constructing a System to Track All Financial Transactions in Real-Time – Ostensibly to Catch Criminals. Does That Leave You With the Warm Fuzzies – or Scare You Out of Your Wits?
Quote Type: Direct quote
Page number or URL of document at time of study:
http://www.wired.com/wired/archive/1.06/big.brother_pr.html
This data was logged into the Elon/Pew Predictions Database by: Anderson, Janna Quitney