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June 26, 2006

Just Wonderin'

When did the anonymity and privacy of transnational corporations and dummy companies making large cross-border money-tranfers become such an important concern of left-leaning "civil liberties advocates," by the way?

As Dostoyevsky said, you judge a society by the way it treats corporations and shell companies moving large sums of money across national borders through the international banking system.

Hmmm. Learn something every day.

Ace, if the Left wants to protect the anonymity of major international financial transfers, perhaps they can start by doing so at home, and stop criticizing wealthy Americans for transferring their assets offshore in order to avoid the taxes they support.

Hell, they can begin *today* by repealing the IRS notification requirement for inter-personal transfers over $10,000. If Uncle Sam can't track $1 million dollar wire transfers to suspected terrorists, I don't see why he should be able to track my $11K I send to my brother/bookie/drug dealer here at home.

Somehow, however, I don't recall all these fairweather libertarians ever getting all up in arms over THOSE restrictions on our personal financial liberty. Must've slipped my mind while I was watching The O.C.

-- Dave at Garfield Ridge


Actually, the press coverage and subsequent outrage by the left has ignored the facts of the matter, as stated by a writer to Instapundit:

"What has not been stressed is that SWIFT is not used for individuals. It is used for processing money transfers, stock transfers and bond transfers from companies, governments, banks, insurance companies and NGO's."

In other words, we're looking at the fake foundations and dummy corporations set up by terrorist sympathizers to hide/launder their support of terrorism.

-- Slubacca

I've corrected the post to include that info, making it all the more drollishly ironic.

PS, I get to make up new words today, too, like "drollishly."

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posted by Ace at 01:21 PM

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