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Federal Deposit Insurance Corporation

Book of Ron Paul

Federal Deposit Insurance Corporation
Millennium Bug
24 February 1998    1998 Ron Paul 13:2
The General Accounting Office (GAO) has reported unfavorably on the FDIC’s readiness. Before the Subcommittee on Financial Services and Technology, Committee on Banking, Housing and Urban Affairs, US Senate, Jack L. Brock, Jr., Director, Governmentwide and Defense Information Systems, testified on February 10, 1998 (Year 2000 Computing Crisis: Federal Deposit Insurance Corporation’s Efforts to Ensure Bank’s Systems Are Year 2000 Compliant) that the Federal Deposit Insurance Corporation (FDIC) has not met its own “y2k-compliant” standards. According to GAO, the FDIC has not yet completed the assessment phase of the remediation process, despite its own standard that banks under the agency’s supervision should have completed this phase by the end of the third quarter of 1997.

Federal Deposit Insurance Corporation
Freedom And Privacy Restoration Act
6 January 1999    1999 Ron Paul 1:8
A more recent assault on privacy is a regulation proposed jointly by the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the Federal Reserve, known as “Know Your Customer.” If this regulation takes effect in April 2000, financial institutions will be required not only to identify their customers but also their source of funds for all transactions, establish a “profile” and determine if the transaction is “normal and expected.” If a transaction does not fit the profile, banks would have to report the transaction to government regulators as “suspicious.” The unfunded mandate on financial institutions will be passed on to customers who would have to pay higher ATM and other fees and higher interest rates on loans for the privilege of being spied on by government-inspired tellers.

Texas Straight Talk

Federal Deposit Insurance Corporation
Privacy Busters: Big Bank is watching
30 November 1998    Texas Straight Talk 30 November 1998 verse 4 ... Cached
"Big Bank is watching." That's the message the Federal Deposit Insurance Corporation, the Internal Revenue Service and an endless stream of federal government agencies are sending under proposed new regulations expected to be implemented within the next year.

Federal Deposit Insurance Corporation
Victory should be call to action
08 March 1999    Texas Straight Talk 08 March 1999 verse 7 ... Cached
More than 140,000 people wrote in opposition to the Federal Deposit Insurance Corporation, the Federal Reserve and the other agencies promulgating these regulations. Those same agencies -- with no small degree of bewilderment -- recorded less than 100 comments in support of the massive privacy grab.

Texas Straight Talk from 20 December 1996 to 23 June 2008 (573 editions) are included in this Concordance. Texas Straight Talk after 23 June 2008 is in blog form on Rep. Paul’s Congressional website and is not included in this Concordance.

Remember, not everything in the concordance is Ron Paul’s words. Some things he quoted, and he added some newspaper and magazine articles to the Congressional Record. Check the original speech to see.

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