Tuesday, August 26, 2003

*Ø* Blogmanac | Your Money's No Good Here

"Hossam Algabri ripped open his statement from Fleet Bank one day after work last November, and began to read: 'We regret to inform you that we have decided that it is not in our best interest to continue your banking relationship with us ... As he dialed customer service, he began to wonder: Did this have anything to do with the war on terrorism? ... Banks have long played a role in stopping the flow of money among suspected terrorists, money launderers, and narcotraffickers. But the terrorist attacks of Sept. 11, 2001, raised the bar. More watch lists have been generated, more institutions have become accountable – and more consumers may feel the heat."

Source

[Thanx Mary Ann Sabo for spotting this story for the Blogmanac.]

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