First, financial privacy had to be eliminated to fight racketeering. Then it was to fight terrorism. Now it's under the guise of saving the housing market.
Buried deep in the bill's 700 pages is a provision requiring credit card companies to report all credit card transactions to the federal government. That's right, every single credit card transaction you make will be reported to the IRS.
As usual, the always heroic Dr. Ron Paul is the only one blowing the whistle on this provision. Click on the "Housing Bill" video for the gory details.
The Boy Emperor is expected to sign the bill soon.