dxmnkd316
Lucia Apologist
Re: POTUS Elect Trump I: Get in pu$$y - we're gonna make American great again
What part of the DF Act does this come from?
What part of the DF Act does this come from?
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POTUS Elect Trump I: Get in pu$$y - we're gonna make American great again
- Thread starter Slap Shot
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St. Clown
Liberal Rebel Scum, apparently
Re: POTUS Elect Trump I: Get in pu$$y - we're gonna make American great again
Two of my brothers worked as machine operators for the same book binding company back in the 90s. Now one works for a company that made books for a very specific professional use, and were updated annually. He went from a machine that performed a single task at his old employer to a machine that performed two or three tasks in the same amount of time. And then he was operating two of those machines himself. Then that profession moved to receiving their annual library of books to CDs and he moved to that machine, cranking out dozens of CDs in the time it took him to make two books back in the day. Now that profession purchases online subscriptions to my brother's employer to receive all their same content on demand, and my brother does something entirely different. Thankfully for him he's always been seen as a strong producer so he made it through the various stages of layoffs, form working with a few dozen others doing the same or similar jobs to one person performing all those tasks themselves now. My other brother moved into a different company that shifted its focus to making pamphlets and foldout maps you find at various places all around highway rest stops, hotel lobbies and so on. Thankfully, the tourism industry still likes physical handouts, though their numbers have dwindled, he tells me.
Two of my brothers worked as machine operators for the same book binding company back in the 90s. Now one works for a company that made books for a very specific professional use, and were updated annually. He went from a machine that performed a single task at his old employer to a machine that performed two or three tasks in the same amount of time. And then he was operating two of those machines himself. Then that profession moved to receiving their annual library of books to CDs and he moved to that machine, cranking out dozens of CDs in the time it took him to make two books back in the day. Now that profession purchases online subscriptions to my brother's employer to receive all their same content on demand, and my brother does something entirely different. Thankfully for him he's always been seen as a strong producer so he made it through the various stages of layoffs, form working with a few dozen others doing the same or similar jobs to one person performing all those tasks themselves now. My other brother moved into a different company that shifted its focus to making pamphlets and foldout maps you find at various places all around highway rest stops, hotel lobbies and so on. Thankfully, the tourism industry still likes physical handouts, though their numbers have dwindled, he tells me.
Kepler
Si certus es dubita
Re: POTUS Elect Trump I: Get in pu$$y - we're gonna make American great again
My prediction is there will be a huge scandal within a decade and a reaction that will make the Church Commission look like kindergarten.
My prediction is there will be a huge scandal within a decade and a reaction that will make the Church Commission look like kindergarten.
St. Clown
Liberal Rebel Scum, apparently
Re: POTUS Elect Trump I: Get in pu$$y - we're gonna make American great again
The DF Act was used by the Fed for the intraday liquidity management of financial institutions, helping them watch out for and preventing another Lehman Bros incident. That was the first phase of the requirement that went into place in 2014, and made perfect sense to anyone in the business. Our application for tracking that information kept al data anonymous - no client data was tracked at all because it was never in scope, strictly the dollars and dates.
The individual account tracking was someone exercising authority through (and this is the part that nobody will directly tell us, but it's clear as day to anybody who takes a moment to give it thought) anti-terrorism legislation, the PATRIOT Act most likely. You wouldn't believe the amount of anti-money laundering training I get each year because of that - and I don't even deal with customers; customer-facing employees go through three or four times the amount of annual training I receive. The money laundering issue ties directly into terrorism funding. Now the federal agencies have decided that they want to collect the data directly by piggybacking on a pre-existing infrastructure, at least as much of it as they can, and scour it for themselves. They don't trust the banks, investment and insurance companies that they've compelled to do it in the past to do these sorts of things anymore. But we still have to perform those same checks going forward all the same (for some clear, sensible reasons).
Why else would the federal government want our clients' transaction data - dollar amount, date of transaction settlement, account number, and account title (John Doe Trust FBO Jane Doe, Bob's Burgers Inc., etc.)? How many other uses could the feds apply this data? Think about it a little and the application of this data is staggering. The data will be centralized, and we'll lose our charter if we don't comply.
ETA: the one account, which I don't want to name directly, is a specific DDA account every bank has between it and the FRB, facilitating the Fed's role to act as the central money clearinghouse for the US. All transactions in that account are only ever between the two parties, but there are hundreds of millions of transactions each day.
The DF Act was used by the Fed for the intraday liquidity management of financial institutions, helping them watch out for and preventing another Lehman Bros incident. That was the first phase of the requirement that went into place in 2014, and made perfect sense to anyone in the business. Our application for tracking that information kept al data anonymous - no client data was tracked at all because it was never in scope, strictly the dollars and dates.
The individual account tracking was someone exercising authority through (and this is the part that nobody will directly tell us, but it's clear as day to anybody who takes a moment to give it thought) anti-terrorism legislation, the PATRIOT Act most likely. You wouldn't believe the amount of anti-money laundering training I get each year because of that - and I don't even deal with customers; customer-facing employees go through three or four times the amount of annual training I receive. The money laundering issue ties directly into terrorism funding. Now the federal agencies have decided that they want to collect the data directly by piggybacking on a pre-existing infrastructure, at least as much of it as they can, and scour it for themselves. They don't trust the banks, investment and insurance companies that they've compelled to do it in the past to do these sorts of things anymore. But we still have to perform those same checks going forward all the same (for some clear, sensible reasons).
Why else would the federal government want our clients' transaction data - dollar amount, date of transaction settlement, account number, and account title (John Doe Trust FBO Jane Doe, Bob's Burgers Inc., etc.)? How many other uses could the feds apply this data? Think about it a little and the application of this data is staggering. The data will be centralized, and we'll lose our charter if we don't comply.
ETA: the one account, which I don't want to name directly, is a specific DDA account every bank has between it and the FRB, facilitating the Fed's role to act as the central money clearinghouse for the US. All transactions in that account are only ever between the two parties, but there are hundreds of millions of transactions each day.
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Re: POTUS Elect Trump I: Get in pu$$y - we're gonna make American great again
Maybe it's because I don't knowingly violate the law and I'm not typically involved in any sort of nefarious or subversive activities. But part of it is just pure math.
I think I recall reading that the average U.S. citizen is involved in something like 25,000 text messages a year. A few years ago there were 75 trillion emails sent and received.
Honestly, the danger in a story like this one is not the spying on us angle. The danger is we have a government that is using it's technology to gather so much information that it can't possibly process it or use it in any sort of meaningful way to catch real bad guys.
I know that some people read stories like this and have an immediate fear of big brother. I actually worry more that I'm going to get hit by a bus than I do about the government spying on me.
Maybe it's because I don't knowingly violate the law and I'm not typically involved in any sort of nefarious or subversive activities. But part of it is just pure math.
I think I recall reading that the average U.S. citizen is involved in something like 25,000 text messages a year. A few years ago there were 75 trillion emails sent and received.
Honestly, the danger in a story like this one is not the spying on us angle. The danger is we have a government that is using it's technology to gather so much information that it can't possibly process it or use it in any sort of meaningful way to catch real bad guys.
The Sicatoka
Kicizapi Cetan
Re: POTUS Elect Trump I: Get in pu$$y - we're gonna make American great again
I'm hoping (probably naively) that Trump is handling this the way any CEO handles the stuff they don't know about: Find a qualified and trusted direct report to deal with it. Set the "80/20" expectation, meaning 80% of what comes up you deal with because that's what I'm expecting; the other 20% I expect to know about the minute you realize it isn't in the first 80%.
I am part of a board that recently hired a new CEO and that CEO is doing a great job of that so far (he's not a financial guy so he's got a great CFO that he's hired). And before you say it, the board, we have an auditing firm that reports just to us.
I'm hoping (probably naively) that Trump is handling this the way any CEO handles the stuff they don't know about: Find a qualified and trusted direct report to deal with it. Set the "80/20" expectation, meaning 80% of what comes up you deal with because that's what I'm expecting; the other 20% I expect to know about the minute you realize it isn't in the first 80%.
I am part of a board that recently hired a new CEO and that CEO is doing a great job of that so far (he's not a financial guy so he's got a great CFO that he's hired). And before you say it, the board, we have an auditing firm that reports just to us.
dxmnkd316
Lucia Apologist
Re: POTUS Elect Trump I: Get in pu$$y - we're gonna make American great again
That's a terrible justification for anything that allows government to trample the Constitution.
And yet we have computers that can analyze these databases at almost real-time speed now.
Text and e-mail is easy to analyze. It's just a kb of data. Now, if criminals and terrorists started to communicate using large and complex images, that would be much more difficult to analyze.
That's a terrible justification for anything that allows government to trample the Constitution.
And yet we have computers that can analyze these databases at almost real-time speed now.
Text and e-mail is easy to analyze. It's just a kb of data. Now, if criminals and terrorists started to communicate using large and complex images, that would be much more difficult to analyze.
Re: POTUS Elect Trump I: Get in pu$$y - we're gonna make American great again
And yet the government can't. That's why in every single incident in this country where we have some guy who shoots up a mall in the name of isis or a church in the name of Trump, when the government goes back and looks there were all kinds of signs in the form of emails, facebook postings etc..., to show this person was radicalized or even about to commit the act they ultimately committed, yet until the act actually occurs and the government has a name they can run through their computers, the information they had at their fingertips was useless because it was buried in a blizzard of information.
dxmnkd316
Lucia Apologist
Re: POTUS Elect Trump I: Get in pu$$y - we're gonna make American great again
Conjecture, on my part:
Or they can and don't really care to stop the one-offs where the damage is minimal. They're focusing the computer power on stopping things that could hurt people measured in the thousands.
It also doesn't mean that the government didn't analyze them. It's that the algorithms were not well-designed, yet.
Conjecture, on my part:
Or they can and don't really care to stop the one-offs where the damage is minimal. They're focusing the computer power on stopping things that could hurt people measured in the thousands.
It also doesn't mean that the government didn't analyze them. It's that the algorithms were not well-designed, yet.
Jimjamesak
Already insane, UAA making it worse
The major fallacy that conservatives always fall for is the "government = business" one. There is a lot of things that require a direct call from the CIC.I'm hoping (probably naively) that Trump is handling this the way any CEO handles the stuff they don't know about: Find a qualified and trusted direct report to deal with it. Set the "80/20" expectation, meaning 80% of what comes up you deal with because that's what I'm expecting; the other 20% I expect to know about the minute you realize it isn't in the first 80%.
I am part of a board that recently hired a new CEO and that CEO is doing a great job of that so far (he's not a financial guy so he's got a great CFO that he's hired). And before you say it, the board, we have an auditing firm that reports just to us.
The Sicatoka
Kicizapi Cetan
Re: POTUS Elect Trump I: Get in pu$$y - we're gonna make American great again
You mean the 20% I mention?
Con doesn't give a rip if the EOOW is filling the port or starboard fresh water tank from the evaporator; con cares if a flank bell can be answered and needs to know immediately if it can't. (Elevate that about 14 levels of chain of command to get to POTUS.)
You mean the 20% I mention?
Con doesn't give a rip if the EOOW is filling the port or starboard fresh water tank from the evaporator; con cares if a flank bell can be answered and needs to know immediately if it can't. (Elevate that about 14 levels of chain of command to get to POTUS.)
Jimjamesak
Already insane, UAA making it worse
Yeah it's not 20%, it's closer to the 80%. Like Truman had on his desk "the buck stops here", it may not seem important but you'd better have a handle on what's going or you're going to be in *ing trouble when it goes wrong. Plus, the nature of government requires Presidential approval for a myriad of "mundane" things that are actually very important.
I think technology also affects fourth amendment issues in a more indirect way. 4th amendment protection is ultimately grounded upon what is considered a "reasonable expectation" of privacy. Each incremental step the government is allowed to take to obtain information, over time, moves the needle on what expectations are considered reasonable. It has a ratchet effect and moves in only one direction.
Kepler
Si certus es dubita
Re: POTUS Elect Trump I: Get in pu$$y - we're gonna make American great again
I don't know if we are, but low income working class whites are.
LOL. Freedumb's just another word for nothin' left to lose.
I don't know if we are, but low income working class whites are.
LOL. Freedumb's just another word for nothin' left to lose.
ScoobyDoo
NPC
Re: POTUS Elect Trump I: Get in pu$$y - we're gonna make American great again
America is Stupid. There is no other conclusion.
America is Stupid. There is no other conclusion.
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Can't blame him for thinking he can handle two reality TV shows at once.
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