NYT: credit card companies should cut off (or report) gun sales
In the New York Times, financial writer Andrew Ross Sorkin asks why credit card companies and banks should not be made to monitor customers’ accounts for unusual gun purchases and share the information with law enforcers. Excerpts from my response at Cato . …In an advocacy piece imperfectly dressed up as a news story, New York Times financial reporter Andrew Ross Sorkin observes that some perpetrators of mass public shootings have bought guns and ammo using credit cards, and asks why credit card companies and banks should not be made to stop this. How? Well, they could “create systems to track gun purchases that would allow them to report suspicious patterns” and “prevent [customers] from buying multiple guns in a short period of time.” Invoking the Patriot Act – you knew that was coming, didn’t you? – the piece goes on to ask why the sweeping financial-snooping powers bestowed on the feds by that act should not be deployed against everyday civilians who purchase more guns than w...
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