When Did Privacy Become a Bad Word?

Numerous recently, the government has gained much more insight and powers of preemptive surveillance into our financial lives. For illustration, with the enactment of the Bank Secrecy Act in 1970, financial institutions have to engage in record-keeping and reporting in order to with the government in its efforts to prevent money laundering, and as a result, most of the information we provide to our banks can easily be viewed by the administration.