[109061] in Cypherpunks
RE: March 11 column -- "Know Your Customer"
daemon@ATHENA.MIT.EDU (Jim Gillogly)
Tue Mar 9 20:24:10 1999
Date: Tue, 09 Mar 1999 16:54:04 -0800
From: Jim Gillogly <jim@acm.org>
To: cypherpunks@cyberpass.net
Reply-To: Jim Gillogly <jim@acm.org>
Blanc wrote:
> over another. But providing commentary which gives someone pause to consider
> the status of approval is something else, so I sent in a comment. Of course,
> knowing that there were already a huge number of comments sent, probably of
> great philosophical length, most of which no one would be taking the time to
> read in their entirety, I only offered: " This plan really sucks.
Looks like they're getting the message. Goodness knows what they'll do with it.
www.fdic.gov/publish/speeches/99spchs/sp4mar.html says:
The FDIC, the Board of Governors of the Federal Reserve System, the Office
of the Comptroller of the Currency, and the Office of Thrift Supervision
published the proposed regulation for public comment in December 1998. The
FDIC alone has received over 135,000 comments from the public as of March 2,
virtually all of which express vigorous opposition to the proposal. Given this
opposition, it is obvious to us that the proposal cannot become final in its
current form, if at all.
The comment period was over yesterday, so now we get to wait and see which
way they wiggle next. The previous tally on their counter site (current as
of 26 Feb 1999) was 106,999 comments, of which 33 were in favor of the
Know Your Customer program. Very reminiscent of the reaction to the call
for comments on the Escrowed Encryption Standard.
--
Jim Gillogly
18 Rethe S.R. 1999, 00:45
12.19.6.0.3, 11 Akbal 16 Kayab, Third Lord of Night
