You’ve heard people say they want to be spied on, as long as it means that other people will be spied on too. I know you’ve heard people say this, and which people it was, and how your face looked when you heard it, and what your next telephone call was. Or, rather, I could know all of that if I were one of the thousands and thousands of low-level snoops it will take for our government to accomplish its surveillance goals.
When towering Paul Volcker speaks, people tend to listen. Formerly the no-nonsense chairman of the Federal Reserve, he proposed measures after the Wall Street crash of 2008 to deal with the “too big to fail” intimidations of the giant banks. With fewer gigantic banks after the Crash, Congress and Obama listened, in some measure, to his ideas for reforms and enacted the so-called Volcker amendment.