Post #37249 by ptheland on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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The only reason the non-US unelected citizen wants access is to block legal and previously authorized payments by elected officials.

There might be another reason.

https://apnews.com/article/elon-musk-x-money-visa-...

Adding a payment system to X (nee Twitter).

How much of a step ahead would it be to scrape all of the payment data from the Treasury's payment system and use that to pre-populate your banking information into X? What kind of a security problem is that for each of us personally? Could this be the biggest leak of personal information ever?

Keep in mind that the Treasury's payment system makes direct deposits to virtually all Social Security recipients. And to a great many taxpayers who get refunds on their tax returns. It makes payments (again, many of them electronic) to every company that sells goods or services to the Federal government. And to every employee working for every piece of the Federal government, from the President of the US down to the army private just starting boot camp, to the data entry clerk in the IRS.

Forget getting banking info from just one bank, he's just been given access to banking info for the majority of individuals and business in the country.

--Peter

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