The New York Times reports the story in an article entitled, "Bank Data Secretly Reviewed by U.S. to Fight Terror". Yeah, right. Like I believe that. They're doing it to strengthen Big Brother; that's why they're doing it. Take a look:
The program, however, is a significant departure from typical practice in how the government acquires Americans' financial records. Treasury officials did not seek individual court-approved warrants or subpoenas to examine specific transactions, instead relying on broad administrative subpoenas for millions of records from the cooperative, known as Swift.
That access to large amounts of sensitive data was highly unusual, several officials said, and stirred concerns inside the administration about legal and privacy issues.
They SAY they're only monitoring the records of terrorist suspects and they SAY that multiple safe guards are in place to assure the privacy of ordinary Americans. Do you believe that? What they're saying is, "Just trust us." Suuuure.