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Has anyone seen or heard the banks/financial community's reaction to the UIGEA proposed regs?
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I looked (real quick) and could not find anywhere the Banks have made public comment.
But knowing human nature as I do... What would you do you if the Government granted your business unprecedented power to know everything about everyone that does business with you and block their financial transactions at will, without any accountability? Would you bitch and complain about all the hassles or would you dig in and get to work gathering up and getting control of all that power???
I know what I'd do.