Comment Re:Perfectly reasonable (Score 1) 344
There's a distinction between a legitimate *desire* and a legitimate *right*.
As a bank customer or a stock holder, I have a legitimate *desire* to have inside information, including trade secrets to best determine the risk involved with buying, holding, or selling the stock, or with doing business with a certain company. As a worker for a company who wants to know, I have a legitimate desire to have such information. However, I do not have a legitimate right to this information. I simply don't have the right.
Similarly, while banks may have a legitimate desire to know every single thing about us, they don't have any right to that information.
Your logic is completely wrong, because by the same logic that not giving people a list of your friends and family for vetting means the loan is "creation of a fraudulent contract", so too would someone who bought a stock before the company released information that affected stock price be "creation of a fraudulent contract", so too would people who did business with a company before the company released information that indicated that the company was about to disappear be "creation of a fraudulent contract", or hiring a worker by for a company hiding that they are likely to have lay-offs be "creation of a fraudulent contract".