Former Fed President: Government Snooping on Bank Transactions Over $600 a “Massive Search Without a Search Warrant”

It's just a few pieces of information about individual bank accounts," Treasury Secretary Janet Yellen said of her department's proposal on CNBC.

Yellen explains the government simply wants to monitor the inflows and outflows of (private) individual bank accounts so the IRS can do more audits with greatly expanded" resources to allow the feds to collect the trillions of dollars they are owed."