What "Financial Institutions" means ?

Discussion in 'Politics & Religion' started by harrytrader, Jan 10, 2004.

  1. Hahahahaha !

    http://www.wired.com/news/politics/0,1283,61341,00.html?tw=wn_story_related

    The new provision in the spending bill redefines the meaning of "financial institution." The wider definition explicitly includes insurance companies, real estate agents, the U.S. Postal Service, travel agencies, casinos, pawn shops, car dealers and any other business whose "cash transactions have a high degree of usefulness in criminal, tax or regulatory matters."
     
  2. If you have a business, do you know if your business is a business whose "cash transactions have a high degree of usefulness in criminal, tax or regulatory matters." ?

    Rather fuzzy no ? It seems that they can include any business at all...
     
  3. The surprising thing is: The above Frenchman has more concern over Americans' civil liberties than most Americans do!