Here are some reasons why I believe this proposal is important, appropriate, and why it would help improve our country. Here are some answers to some common objections I anticipate.
* The reason PRISM scoops up all US communications, they say, is simply because the majority of world communications pass through our computers even when sent between people outside the US. This is certainly true of financial communications.
* The reason PRISM proponents say that the eavesdropping overrides privacy concerns, such as the 4th Amendment, is because terrorism costs lives, threatens the security and stability of entire countries, and is one of the most illegal activities on the planet. Even though many sophisticated financial frauds exist in legal gray areas... rate-fixing, bid-rigging, and many similar practices are also blatantly illegal. And as their damage piles up to tens of billions of dollars in the middle of a worldwide recession, surely these activities are also a clear and present threat to the security and stability of communities, industries, and even entire countries, including our own. Arguably this threat is even more important than the threat of terrorism, which while heinous and shocking, is far more rare. Fraudulent financial communication over electronic networks occurs virtually every hour of every single day.