This wouldn't worry me if we all lived in a blissful lala land where the streets flowed with chocolate and power was never a corrupting force. Unfortunately it's much more likely I'll be swimming in chocolate tomorrow than the latter ever happening.
http://www.wired.com/news/privacy/0,1848,61792,00.html
An excerpt:
While the nation was distracted last month by images of Saddam Hussein's spider hole and dental exam, President George W. Bush quietly signed into law a new bill that gives the FBI increased surveillance powers and dramatically expands the reach of the USA Patriot Act.
The Intelligence Authorization Act for Fiscal Year 2004 grants the FBI unprecedented power to obtain records from financial institutions without requiring permission from a judge.
Under the law, the FBI does not need to seek a court order to access such records, nor does it need to prove just cause.
Previously, under the Patriot Act, the FBI had to submit subpoena requests to a federal judge. Intelligence agencies and the Treasury Department, however, could obtain some financial data from banks, credit unions and other financial institutions without a court order or grand jury subpoena if they had the approval of a senior government official.
The new law (see Section 374 of the act), however, lets the FBI acquire these records through an administrative procedure whereby an FBI field agent simply drafts a so-called national security letter stating the information is relevant to a national security investigation.
And the law broadens the definition of "financial institution" to include such businesses as insurance companies, travel agencies, real estate agents, stockbrokers, the U.S. Postal Service and even jewelry stores, casinos and car dealerships.
The law also prohibits subpoenaed businesses from revealing to anyone, including customers who may be under investigation, that the government has requested records of their transactions.
Bush signed the bill on Dec. 13, a Saturday, which was the same day the U.S. military captured Saddam Hussein.
Some columnists and bloggers have accused the president of signing the legislation on a weekend, when news organizations traditionally operate with a reduced staff, to avoid public scrutiny and criticism. Any attention that might have been given the bill, they say, was supplanted by a White House announcement the next day about Hussein's capture.