[Ed.: During the proposal's public comment period, there were 72 favorable comments, with 254,000 opposed—over 3,500 times as many.]
An Inclusive Litany
4/19/99
Following complaints from over a quarter million Americans, the
government abandoned its "Know Your Customer" proposal that would
have required banks to keep profiles of all their customers based on
transaction patterns, reporting any unusual transaction to the
Justice Department to aid in its endless quest for money launderers.