Treasury Secretary Janet Yellen was caught flat-footed in an explosive United States Senate hearing when she was asked to explain a Biden administration program that snatches Americans' financial data and spies on their bank activity if they, for example, purchase a Bible or publicly support former President Donald Trump.
United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, called Yellen to the carpet in a committee hearing over the domestic spying program, which comes after Biden's infamous televised address in which he, bathed in creepy red light, referred to Trump supporters as the nation's enemies.
“According to a document made public last month, the Financial Crimes Enforcement Network (FinCEN)—a bureau within the Treasury Department—reportedly directed financial institutions to surveil Americans' transactions for ‘extremist indicators' including support of President Trump and purchases of religious books,” a statement from Hagerty's office reads.
“If you think about last month's revelation that FinCEN—that's a bureau that's under your watch—directed financial institutions to flag customers who demonstrated ‘extremist indicators,' like the words ‘Trump,' or ‘MAGA,' or whether they made transactions to purchase religious books,” Hagerty said. “This time it's not just an IRS contractor doing it; this is the Administration itself taking personal data to target its political foes.”
Hagerty's office summarized the exchange below:
“Secretary Yellen, do you believe that people that purchase Bibles are extremists?” Hagerty asked.
Yellen attempted to defend FinCEN's actions by saying that “FinCEN's mission is to safeguard the financial system from illicit use to combat money laundering terrorist finance.”
“Not to target Americans for purchasing Bibles or voting for Donald Trump?” Hagerty asked.
Yellen tried to justify the targeting of Republicans by claiming “there were efforts to work with financial institutions to determine what had happened and to work with them to provide relevant information.”
“Purchasing a Bible is relevant information to determine if these people are extremists? It's ridiculous. It's a shame,” Hagerty concluded.
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