If 'Stop and Frisk' Is Such an Effective Tactic, Why Not Use an Electronic Version on Potentially Co

[unhappycamper]

http://www.huffingtonpost.com/steven-strauss/white-collar-crime_b_4210091.html


If 'Stop and Frisk' Is Such an Effective Tactic, Why Not Use an Electronic Version on Potentially Corrupt Bank CEOs?
Steven Strauss
Posted: 11/03/2013 9:48 pm

~snip~

For example, Rajat Gupta (a member of the Board of Directors of Goldman, Sachs) was convicted of insider trading -- but his malfeasance was discovered only by accident. If the authorities could record all conversations of bank officers and board members without the annoyance of going to court to get warrants, imagine how much easier it would be to obtain convictions. And, if these individuals have nothing to hide, they shouldn't object to the government recording their phone calls.

To eliminate any doubts as to legality, executives at Federally-insured and supported financial institutions would sign waivers granting the government access to all their phone calls, e-mails, and so on (in effect waiving their Fourth Amendment rights as a condition of their employment). Executives refusing to waive these rights would be fired (or not hired). If this seems draconian, recall that innocent New Yorkers who refuse to be Stopped and Frisked -- risk arrest and jail.

Arguably, Electronic Stop and Frisk should deter financial crime, make it easier to get convictions, and allow the authorities to prevent some financial crimes from happening. If you believe in the efficacy of physical Stop and Frisk, experimenting with applying Electronic Stop and Frisk to financial institutions would be a logical extension.

Strangely, the proponents of physical Stop and Frisk (imposed upon ordinary citizens) haven't advocated applying this sort of tactic to highly paid executives at financial institutions. In fact, the conservative commentators who support Stop and Frisk are often the most vociferous defenders of the rights of our richest citizens.

[Demeter]

1. I'm CERTAIN the NSA is doing that

After all, how many terrorists can there be (without a bankster)?

Not that it will lead to prosecutions, mind you, but the election funds are rolling in....