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Op-Ed: “Legal But Not Right — How Washington Sold Your Privacy to Wall Street”
By Akashma News
In 1999, Congress passed the Gramm-Leach-Bliley Act (GLBA), hailed as a milestone in modernizing the American financial system. What it truly did was dismantle the last protections separating your private financial life from corporate surveillance — and it did so with bipartisan ease.
Behind the bill were not just lawmakers, but law firms, lobbyists, and banking giants like Citigroup and JPMorgan, who lobbied relentlessly to strip away decades-old barriers. Once the law passed, many of its political architects — like Senator Phil Gramm — stepped through the revolving door straight into the arms of the very institutions they deregulated.
The GLBA normalized something unthinkable: the legal sharing and monetization of your personal financial data. Buried in its language is an “opt-out” clause that lets banks legally profit from your information unless you explicitly say no — and most people don’t even know it’s happening.
We’ve been told it’s about “efficiency” and “job creation,” but that’s the illusion. What it really created was a digital gold rush — a financial surveillance state where your every transaction feeds into a system designed for control, not convenience.
It’s time we name it, trace it, and challenge it.
Cambridge data mining
By Marivel Guzman
Data mining is a technology designed to analyze large databases, with the purpose to generate new information.
There is something very important that unscrupulous companies do not take in consideration; The Right to privacy.
This brings the US Constitution into the argument of privacy laws and individual’s rights to privacy.
First, Third, Fourth and Fifth Amendments have a clear language about individuals privacy protections, the Ninth Amendment is a key to all other privacy rights not specifically enumerated in the other Amendments.
The Ninth Amendment doesn’t specifically mention personal information, “Justice Goldberg in his Griswold concurrence) have interpreted the Ninth Amendment as justification for broadly reading the Bill of Rights to protect privacy in ways not specifically provided in the first eight amendments.” University of Missouri, Exploring Constitutional Conflicts homepage.
“Everyday we hear about another undisclosed data breach. Private information is collected, sometimes sold and given away without our knowledge or consent. CEOs sit before Congress saying they will “do better” while stories continue to break about negligence and wrong-doing.” Mozilla Blog.
Privacy #DataMining #DataSharing #ThirdParties #Communications
Did Cambridge Analytica Help to Create ‘Digital Wokeness’?
Akashma Online News 