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F. Hodge O'Neal Corporate and Securities Law Symposium

Commentary on Financial Privacy

Author: Lynn M. LoPucki (UCLA School of Law)

  • Commentary on Financial Privacy

    F. Hodge O'Neal Corporate and Securities Law Symposium

    Commentary on Financial Privacy

    Author:

Abstract

My three criticisms are this: First, Peter frames the problem as privacy versus government surveillance, thus ignoring the best solution to the problem, which is to make more information public. Second, Peter exaggerates the human need for privacy by presenting the need as immutable and essentially coextensive with embarrassment. People do not need nearly the privacy they think they do. Third, if Peter’s broad view of privacy holds, then you can forget about the information age.

Keywords: Right of privacy, Financial services industry, Electronic surveillance, Phase 2 Plus (Company), Bank secrecy

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Published on
1999-01-01