What do you think about Companies & Goverment's interference in Social Networking?

[nymom]

I read an article in the paper that said certain companies like Sears are now requiring to be friend-ed on Facebook as part of the job application process. Law Enforcement also requires this and they claim it's due to past job history. This could be a trend in the making, maybe a lot of companies will start following suit. I think it's more about trying to find out about what kind of person you are, and has nothing to do with job history. People are worried about the Government listening in on cell phone calls and spying, yet we are airing all of our dirty laundry right on the internet with FB. Twitter, MySpace, etc.. Facebook is like handing a pair of binoculars to our neighbors. What are your thoughts on this?
@Brendan - Well that's just plain BS, but what do you think about it???
I say we all delete our accounts. FB is lame anyway