06/25/2013
https://congress.gov...
"A massive new government-run database of consumers' personal financial information would be a sitting duck for bad actors."
"Can you imagine the IRS, the Post Office, or the DMV compiling and maintaining your credit report?"
"I am hard-pressed to find a worse idea, frankly, than to federalize and, ultimately, socialize credit reporting in this country."
"I think it is important that lawmakers be informed. I think that is a very important thing for us to be apprised of both the advantages and the risks of a U.S. central bank digital currency."