[adios]

[ QUOTE ]
interesting to see what the banks deem "cost effective." From what has been said about what it would take to do what congress wants done, there would be a heavy cost that it appears banks wont be willing to bear

[/ QUOTE ]

That's something that's important to remember IMO. U.S. banks won't want to be used as quasi regulators IMO (I'm sure many in the government would be more than happy to pin this function on U.S. banks FWIW). For instance if I move money to financial entity A; then move it to financial entity B from A; and then move money from financial entity B to my favorite poker site; the banks don't want to be responsible for "monitoring" this transaction process. In the process I outlined, if financial entity A is outside the jurisdiction of the U.S. government and has no dealings with gambling sites whatsoever, there's really no way for U.S. banks to effectively "monitor" the transaction process I described IMO.