The flippant answer is all that your paranoia deserves.
A healthy amount of paranoia is a must in the security industry. Every piece of security hardware or sofware demands third-party evaluation, even that made by people you trust completely. Not all flaws are deliberate. Thank you for your time, and (at last) thoughtful response.
What the hell guys, if you're going to try and design something to replaced an entrenched convention, you might as well go whole hog. Oh wait, no, I know... their website isn't in Esperanto because such projects always fail.
And look at you, buying into the government's blame-shifting. This is the opposite of Nuremberg -- don't blame us, we were only giving orders! Blame the eeeevil companies that did the deed, not the innocent government who merely demanded compliance with threat of imprisonment or worse, fines!
I wonder... could we force them to keep metametadata? Y'know, summaries of what fields were copied out of what databases of what companies on what days? That way, we could still have a snowball's chance at proving that individual customers had their privacy impinged. Of course, this is all rhetoric: no, we can't force them to keep anything, and no, we wouldn't have a snowball's chance at proving shit against the fed. Fun idea, though, having a government that behaves responsibly.
"Gravitation cannot be held responsible for people falling in love." -- Albert Einstein