Which means that all countries other than the US also should be banning Facebook, and most US companies. As Snowden showed, most of them have a history of wire fraud.

If the FCC clarified their stance and highlighted very specific threats, I might be swayed but only if it was demonstrated that the US government isn't doing exactly the same thing.

All opaque data harvesting of public platforms, no matter who collects it, is bad.

Your example is garbage as well. In both situations you highlighted you have something that you don't have in face of data harvesting...choice. You can decide whether or not to give your banking password to a stranger or your wife. You usually have no choice when it comes to data harvesting...because usually the data is harvested out of the backdoor of a platform by selling it on.

Maybe the issue is abusive social networks hoovering up data with no controls and no regulation.

This is exactly right.

Because no one can hack Facebook and get that data anyway? hell, maybe they don't even need to